Code Waechter LLC Decreases Position in The Williams Companies, Inc. (NYSE:WMB)

Code Waechter LLC reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,504 shares of the pipeline company’s stock after selling 663 shares during the period. Code Waechter LLC’s holdings in Williams Companies were worth $352,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the 3rd quarter worth $30,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies during the second quarter worth about $34,000. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares in the last quarter. Quarry LP acquired a new stake in shares of Williams Companies during the second quarter worth about $35,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Williams Companies in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $56.01 on Tuesday. The company’s fifty day moving average is $55.85 and its two-hundred day moving average is $49.35. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a market capitalization of $68.28 billion, a P/E ratio of 23.63, a PEG ratio of 5.60 and a beta of 1.06. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMB. Truist Financial raised their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Mizuho increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Citigroup upped their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group raised their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Bank of America began coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus price target of $53.00.

Insider Activity

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.