Chevy Chase Trust Holdings LLC Has $29.86 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Chevy Chase Trust Holdings LLC decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 654,166 shares of the pipeline company’s stock after selling 11,731 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Williams Companies worth $29,863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Williams Companies by 1.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after buying an additional 144,713 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after acquiring an additional 311,530 shares during the period. Bahl & Gaynor Inc. grew its holdings in shares of Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after purchasing an additional 618,056 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Williams Companies by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after purchasing an additional 67,016 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Williams Companies by 20.1% during the second quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after purchasing an additional 1,024,158 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 3.5 %

Williams Companies stock opened at $56.45 on Tuesday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. 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’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $46.38. The stock has a market cap of $68.81 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 6.00 and a beta of 1.05.

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

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend yield of 3.37%. The ex-dividend date is Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WMB. UBS Group boosted their target price 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. Scotiabank lifted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. CIBC increased their price objective 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. Truist Financial upped their price target on shares of Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Barclays raised their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One 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 $51.79.

Insider Activity

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies 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 owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. 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.