Mitchell & Pahl Private Wealth LLC Reduces Holdings in The Williams Companies, Inc. (NYSE:WMB)

Mitchell & Pahl Private Wealth LLC lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,394 shares of the pipeline company’s stock after selling 1,427 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in Williams Companies were worth $995,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of WMB. Legacy Investment Solutions LLC acquired a new position in Williams Companies in the 3rd quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its holdings 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 buying an additional 252 shares in the last quarter. Quarry LP acquired a new position in shares of Williams Companies in the second quarter valued at approximately $35,000. FSA Wealth Management LLC purchased a new position in shares of Williams Companies during the third quarter valued at approximately $38,000. Finally, Kimelman & Baird LLC acquired a new stake in Williams Companies during the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. UBS Group increased their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays lifted their price target on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Truist Financial increased their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Finally, Citigroup boosted 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Trading Up 0.1 %

Shares of WMB opened at $59.22 on Tuesday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The stock’s 50-day moving average is $56.13 and its two-hundred day moving average is $49.81. 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 stock has a market cap of $72.19 billion, a PE ratio of 24.99, a P/E/G ratio of 5.30 and a beta of 1.06.

Williams Companies (NYSE:WMB) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.44% of the stock is currently owned by corporate insiders.

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.