Legacy Capital Wealth Partners LLC Has $899,000 Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Legacy Capital Wealth Partners LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 33.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,614 shares of the pipeline company’s stock after selling 8,290 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Williams Companies were worth $899,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMB. Wellington Management Group LLP raised its position in shares of Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after acquiring an additional 5,697,605 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after acquiring an additional 1,555,667 shares during the last quarter. National Bank of Canada FI raised its position in shares of Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after acquiring an additional 922,550 shares during the last quarter. Castle Hook Partners LP raised its position in shares of Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after acquiring an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after buying an additional 520,663 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WMB. Barclays upped their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. UBS Group upped their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial upped their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday. Mizuho upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Scotiabank restated a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and an average price target of $53.29.

Williams Companies Trading Down 0.8 %

Williams Companies stock opened at $57.00 on Friday. The firm has a 50-day moving average of $55.85 and a 200-day moving average of $51.65. The Williams Companies, Inc. has a one year low of $33.03 and a one year high of $61.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The company has a market cap of $69.48 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. On average, equities analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio is currently 80.17%.

Williams Companies Company 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.