International Assets Investment Management LLC Lowers Holdings in The Williams Companies, Inc. (NYSE:WMB)

International Assets Investment Management LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 85.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,029 shares of the pipeline company’s stock after selling 337,132 shares during the quarter. International Assets Investment Management LLC’s holdings in Williams Companies were worth $3,086,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter valued at approximately $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies during the second quarter worth about $34,000. Rosenberg Matthew Hamilton raised its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP acquired a new position in shares of Williams Companies during the second quarter valued at approximately $35,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Williams Companies in the third quarter valued at approximately $38,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMB. Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $58.00 in a report on Friday, October 4th. Barclays upped their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Truist Financial raised their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, UBS Group upped their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Williams Companies currently has an average rating of “Hold” and an average target price of $52.07.

Williams Companies Trading Up 0.2 %

NYSE WMB traded up $0.09 during trading hours on Wednesday, hitting $55.64. 749,867 shares of the company’s stock were exchanged, compared to its average volume of 4,820,116. The business’s 50 day moving average is $55.53 and its 200-day moving average is $48.98. 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 Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36. The firm has a market capitalization of $67.83 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 5.60 and a beta of 1.06.

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

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.475 per share. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.41%. Williams Companies’s payout ratio is currently 80.17%.

Insider Buying and Selling

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

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.