The Williams Companies, Inc. (NYSE:WMB) Position Cut by Drive Wealth Management LLC

Drive Wealth Management LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMBFree Report) by 42.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,796 shares of the pipeline company’s stock after selling 4,986 shares during the quarter. Drive Wealth Management LLC’s holdings in Williams Companies were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Patten Group Inc. lifted its stake in Williams Companies by 1.3% in the fourth quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after buying an additional 296 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock valued at $353,000 after buying an additional 298 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its holdings in shares of Williams Companies by 1.1% during the second quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 26,922 shares of the pipeline company’s stock valued at $878,000 after purchasing an additional 300 shares during the period. Buckley Wealth Management LLC increased its holdings in shares of Williams Companies by 1.0% during the third quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock valued at $1,040,000 after purchasing an additional 300 shares during the period. Finally, Horan Securities Inc. increased its holdings in shares of Williams Companies by 2.6% during the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 300 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WMB shares. Truist Financial raised their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Mizuho raised their price target on Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, UBS Group raised their price target on Williams Companies from $41.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus price target of $38.09.

Get Our Latest Stock Analysis on Williams Companies

Williams Companies Price Performance

NYSE:WMB opened at $39.29 on Wednesday. The business’s 50-day moving average price is $35.80 and its 200 day moving average price is $35.25. The firm has a market cap of $47.87 billion, a P/E ratio of 15.00, a PEG ratio of 6.18 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.30. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMBGet Free Report) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.84%. Williams Companies’s dividend payout ratio is currently 72.52%.

About Williams Companies

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMBFree Report).

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.