MADDEN SECURITIES Corp Decreases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

MADDEN SECURITIES Corp decreased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,895 shares of the pipeline company’s stock after selling 1,050 shares during the quarter. Williams Companies makes up 1.6% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 18th biggest holding. MADDEN SECURITIES Corp’s holdings in Williams Companies were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after acquiring an additional 5,697,605 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Williams Companies by 3,490.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after purchasing an additional 1,555,667 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Williams Companies by 224.1% in the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after purchasing an additional 922,550 shares in the last quarter. Castle Hook Partners LP lifted its position in shares of Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after purchasing an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $56.11 on Tuesday. The stock’s 50-day moving average price is $55.91 and its 200 day moving average price is $51.30. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $68.40 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $61.46.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is presently 80.17%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMB. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. 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 report on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Bank of America assumed coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. One equities research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.00.

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.