Russell Investments Group Ltd. Has $30.95 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Russell Investments Group Ltd. cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 888,375 shares of the pipeline company’s stock after selling 175,175 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Williams Companies worth $30,947,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Williams Companies during the 4th quarter worth approximately $26,000. FSC Wealth Advisors LLC acquired a new stake in Williams Companies during the 3rd quarter worth approximately $27,000. Carmel Capital Partners LLC acquired a new stake in Williams Companies during the 3rd quarter worth approximately $31,000. CGC Financial Services LLC bought a new position in Williams Companies during the 4th quarter worth approximately $35,000. Finally, OFI Invest Asset Management bought a new position in Williams Companies during the 3rd quarter worth approximately $41,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

NYSE:WMB opened at $38.36 on Wednesday. The company has a fifty day moving average of $37.63 and a 200-day moving average of $35.95. The firm has a market capitalization of $46.73 billion, a P/E ratio of 14.64, a P/E/G ratio of 6.13 and a beta of 1.05. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.76.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period last year, the company posted $0.53 earnings per share. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.95%. Williams Companies’s payout ratio is currently 72.52%.

Analysts Set New Price Targets

WMB has been the subject of several analyst reports. Barclays raised their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Truist Financial raised their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Wolfe Research restated an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a report on Thursday, April 18th. Finally, UBS Group raised their price target on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.22.

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.