Wallace Advisory Group LLC Reduces Holdings in The Williams Companies, Inc. (NYSE:WMB)

Wallace Advisory Group LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,899 shares of the pipeline company’s stock after selling 2,250 shares during the period. Wallace Advisory Group LLC’s holdings in Williams Companies were worth $482,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after acquiring an additional 5,697,605 shares during the last quarter. National Bank of Canada FI lifted 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 worth $60,909,000 after acquiring an additional 922,550 shares during the last quarter. Castle Hook Partners LP lifted its holdings in shares of Williams Companies by 31.7% in the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after acquiring an additional 718,915 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after acquiring an additional 520,663 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its holdings in shares of Williams Companies by 26.8% in the 3rd quarter. Chickasaw Capital Management LLC now owns 2,097,941 shares of the pipeline company’s stock worth $95,771,000 after acquiring an additional 443,423 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is owned by insiders.

Williams Companies Stock Performance

Shares of WMB opened at $56.01 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The stock has a market cap of $68.28 billion, a P/E ratio of 23.63, a PEG ratio of 5.60 and a beta of 1.06. The company has a 50-day moving average of $55.85 and a two-hundred day moving average of $49.35. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, research analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.39%. Williams Companies’s payout ratio is 80.17%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. CIBC increased their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Mizuho increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays increased their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.00.

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.