Choreo LLC Has $2.27 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Choreo LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,984 shares of the pipeline company’s stock after selling 7,369 shares during the quarter. Choreo LLC’s holdings in Williams Companies were worth $2,274,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Williams Companies by 30.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 116,110 shares of the pipeline company’s stock worth $6,267,000 after purchasing an additional 27,089 shares during the last quarter. Jackson Wealth Management LLC boosted its holdings in Williams Companies by 4.1% during the fourth quarter. Jackson Wealth Management LLC now owns 79,532 shares of the pipeline company’s stock worth $4,304,000 after purchasing an additional 3,137 shares during the last quarter. Ninety One UK Ltd boosted its holdings in Williams Companies by 57.0% during the fourth quarter. Ninety One UK Ltd now owns 461,711 shares of the pipeline company’s stock worth $24,988,000 after purchasing an additional 167,699 shares during the last quarter. Mather Group LLC. boosted its holdings in Williams Companies by 3.0% during the fourth quarter. Mather Group LLC. now owns 9,620 shares of the pipeline company’s stock worth $521,000 after purchasing an additional 280 shares during the last quarter. Finally, Calamos Advisors LLC lifted its stake in Williams Companies by 56.8% in the fourth quarter. Calamos Advisors LLC now owns 400,082 shares of the pipeline company’s stock valued at $21,652,000 after acquiring an additional 144,953 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 1.5 %

WMB stock opened at $56.00 on Friday. 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 company’s 50-day simple moving average is $56.00 and its 200 day simple moving average is $51.08. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46. The company has a market capitalization of $68.26 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company posted $0.45 earnings per share. Williams Companies’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.57%. Williams Companies’s dividend payout ratio is 80.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WMB. CIBC increased their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Bank of America began coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. Royal Bank of Canada increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Mizuho increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.00.

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.