Linscomb & Williams Inc. Has $6.47 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Linscomb & Williams Inc. lessened its stake in The Williams Companies, Inc. (NYSE:WMBFree Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,800 shares of the pipeline company’s stock after selling 2,566 shares during the quarter. Linscomb & Williams Inc.’s holdings in Williams Companies were worth $6,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Western Pacific Wealth Management LP acquired a new stake in Williams Companies in the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Williams Companies in the 4th quarter valued at about $26,000. CGC Financial Services LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $35,000. CVA Family Office LLC bought a new stake in shares of Williams Companies during the fourth quarter worth approximately $52,000. Finally, Salem Investment Counselors Inc. lifted its holdings in Williams Companies by 121.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock valued at $58,000 after buying an additional 908 shares during the period. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Truist Financial upped their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. UBS Group upped their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, CIBC lifted their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.73.

Get Our Latest Report on WMB

Insider Activity at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 0.0 %

Shares of WMB stock traded up $0.02 on Friday, hitting $40.13. 4,226,041 shares of the stock were exchanged, compared to its average volume of 6,255,163. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $48.91 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 6.32 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $41.89. The business has a 50-day moving average of $39.06 and a 200 day moving average of $36.56.

Williams Companies (NYSE:WMBGet Free Report) last announced its earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The firm’s revenue was down 10.1% on a year-over-year basis. Equities analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 annualized dividend and a yield of 4.73%. Williams Companies’s payout ratio is presently 79.83%.

Williams Companies Profile

(Free Report)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

Further Reading

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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