Brookfield Corp ON Sells 1,072,881 Shares of The Williams Companies, Inc. (NYSE:WMB)

Brookfield Corp ON lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 17.9% during the third quarter, HoldingsChannel.com reports. The fund owned 4,904,893 shares of the pipeline company’s stock after selling 1,072,881 shares during the quarter. Williams Companies accounts for about 1.3% of Brookfield Corp ON’s portfolio, making the stock its 12th biggest position. Brookfield Corp ON’s holdings in Williams Companies were worth $223,908,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC raised its stake in Williams Companies by 52.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 17,706 shares of the pipeline company’s stock worth $808,000 after acquiring an additional 6,099 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of Williams Companies by 38.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 365,154 shares of the pipeline company’s stock valued at $15,693,000 after purchasing an additional 102,282 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares in the last quarter. Quantinno Capital Management LP increased its stake in Williams Companies by 20.5% in the 3rd quarter. Quantinno Capital Management LP now owns 105,077 shares of the pipeline company’s stock worth $4,797,000 after acquiring an additional 17,875 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Williams Companies by 548.1% in the third quarter. Quarry LP now owns 5,334 shares of the pipeline company’s stock valued at $243,000 after purchasing an additional 4,511 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Williams Companies stock opened at $56.84 on Friday. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36. The stock has a market capitalization of $69.28 billion, a P/E ratio of 23.98, a P/E/G ratio of 5.78 and a beta of 1.05. The firm’s 50-day moving average is $53.53 and its two-hundred day moving average is $46.74. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. Equities analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC lifted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Mizuho raised their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.07.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

About Williams Companies

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.