Stephens Inc. AR Lowers Position in The Williams Companies, Inc. (NYSE:WMB)

Stephens Inc. AR lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,867 shares of the pipeline company’s stock after selling 15,327 shares during the period. Stephens Inc. AR’s holdings in Williams Companies were worth $6,217,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WMB. Brookstone Capital Management boosted its holdings in Williams Companies by 38.0% in the third quarter. Brookstone Capital Management now owns 12,082 shares of the pipeline company’s stock valued at $552,000 after acquiring an additional 3,327 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Williams Companies by 477.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,215 shares of the pipeline company’s stock valued at $557,000 after purchasing an additional 10,100 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Williams Companies by 5.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 6,459 shares of the pipeline company’s stock worth $295,000 after purchasing an additional 337 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Williams Companies by 5.8% during the 3rd quarter. Ritholtz Wealth Management now owns 9,203 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 506 shares during the period. Finally, Annex Advisory Services LLC increased its position in Williams Companies by 11.1% during the 3rd quarter. Annex Advisory Services LLC now owns 165,414 shares of the pipeline company’s stock worth $7,551,000 after purchasing an additional 16,553 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective on the stock. Truist Financial increased their target price on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $53.00.

Williams Companies Trading Down 0.1 %

NYSE:WMB opened at $55.93 on Monday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46. The business has a fifty day moving average of $55.91 and a 200-day moving average of $51.24. 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 stock has a market cap of $68.18 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 5.06 and a beta of 1.04.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is 80.17%.

About Williams Companies

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.