The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,796 shares of the pipeline company’s stock after selling 26,961 shares during the quarter. Edgestream Partners L.P.’s holdings in Williams Companies were worth $3,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMB. Concurrent Investment Advisors LLC boosted its stake in shares of Williams Companies by 57.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 28,549 shares of the pipeline company’s stock worth $1,303,000 after acquiring an additional 10,374 shares in the last quarter. Graypoint LLC boosted its position in shares of Williams Companies by 6.8% in the 3rd quarter. Graypoint LLC now owns 14,497 shares of the pipeline company’s stock valued at $662,000 after purchasing an additional 924 shares during the period. Principal Financial Group Inc. increased its stake in Williams Companies by 2.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,576,165 shares of the pipeline company’s stock worth $71,952,000 after purchasing an additional 35,981 shares in the last quarter. TFB Advisors LLC acquired a new stake in Williams Companies during the 3rd quarter worth about $229,000. Finally, Philip James Wealth Mangement LLC purchased a new stake in Williams Companies during the third quarter valued at about $212,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mary A. Hausman sold 8,896 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $54.37 on Friday. The firm has a market cap of $66.30 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The company’s fifty day moving average is $56.70 and its 200-day moving average is $53.14. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $35.78 and a 12 month high of $61.46.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate 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 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.50 dividend. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is 109.29%.

Analyst Ratings Changes

Several research firms have recently weighed in on WMB. Scotiabank lifted their target price on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Truist Financial increased their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Citigroup lifted their price target on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, UBS Group increased their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average price target of $55.07.

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.