Cibc World Markets Corp Has $10.41 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cibc World Markets Corp grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,351 shares of the pipeline company’s stock after acquiring an additional 26,951 shares during the quarter. Cibc World Markets Corp’s holdings in Williams Companies were worth $10,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMB. Quent Capital LLC acquired a new position in Williams Companies during the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Williams Companies during the fourth quarter worth $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies during the fourth quarter worth $27,000. Compass Planning Associates Inc acquired a new position in shares of Williams Companies during the fourth quarter worth $30,000. Finally, Financial Life Planners bought a new position in shares of Williams Companies in the 4th quarter valued at $30,000. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of recent research reports. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Scotiabank lifted their target price on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. CIBC upped their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Finally, Citigroup lifted their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.07.

Williams Companies Trading Down 0.0 %

Shares of WMB stock opened at $58.38 on Wednesday. The Williams Companies, Inc. has a fifty-two week low of $37.16 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock has a 50 day simple moving average of $56.89 and a two-hundred day simple moving average of $53.75. The company has a market cap of $71.19 billion, a P/E ratio of 31.90, a PEG ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 109.29%.

Insider Activity

In related news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 8,896 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. Company insiders own 0.44% of the company’s stock.

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.