The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 48.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 558,507 shares of the pipeline company’s stock after selling 528,746 shares during the quarter. Williams Companies makes up 1.3% of Obermeyer Wood Investment Counsel Lllp’s portfolio, making the stock its 27th biggest holding. Obermeyer Wood Investment Counsel Lllp’s holdings in Williams Companies were worth $19,453,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WMB. Fairfield Bush & CO. acquired a new position in Williams Companies in the first quarter valued at $54,000. Acadian Asset Management LLC lifted its holdings in Williams Companies by 32.3% during the 1st quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock worth $347,000 after buying an additional 2,540 shares during the last quarter. Cibc World Market Inc. lifted its holdings in Williams Companies by 1,001.1% during the 1st quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock worth $3,375,000 after buying an additional 91,851 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Williams Companies by 42.9% during the 1st quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock worth $3,297,000 after buying an additional 29,625 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Williams Companies during the 1st quarter worth approximately $319,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Down 0.3 %

Shares of Williams Companies stock traded down $0.10 on Thursday, reaching $37.58. 7,216,365 shares of the company were exchanged, compared to its average volume of 7,120,398. The stock has a fifty day moving average price of $36.79 and a 200-day moving average price of $35.63. The firm has a market capitalization of $45.79 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 5.89 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter last year, the firm earned $0.53 EPS. On average, analysts expect that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.06%. Williams Companies’s dividend payout ratio is 72.52%.

Analysts Set New Price Targets

A number of research firms have commented on WMB. Truist Financial increased their target price on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Barclays increased their price target on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Wolfe Research reiterated an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research report on Thursday. Finally, UBS Group increased their price target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.55.

Williams Companies Profile

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.