Amalgamated Bank Sells 4,796 Shares of The Williams Companies, Inc. (NYSE:WMB)

Amalgamated Bank decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 2.0% during the 4th quarter, HoldingsChannel reports. The firm owned 236,869 shares of the pipeline company’s stock after selling 4,796 shares during the quarter. Amalgamated Bank’s holdings in Williams Companies were worth $12,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WMB. Quent Capital LLC acquired a new stake in Williams Companies in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Williams Companies in the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Williams Companies during the 3rd quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new position in Williams Companies during the 4th quarter worth approximately $30,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of a number of research reports. Citigroup boosted their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Scotiabank reiterated a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. Barclays boosted their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Truist Financial raised their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. One 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.21.

Williams Companies Trading Down 2.1 %

NYSE:WMB opened at $56.13 on Wednesday. The Williams Companies, Inc. has a 52 week low of $34.54 and a 52 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 firm’s fifty day moving average is $56.26 and its 200-day moving average is $52.50. The firm has a market cap of $68.42 billion, a P/E ratio of 30.67, a P/E/G ratio of 5.01 and a beta of 1.05.

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

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s payout ratio is presently 109.29%.

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.