The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 30.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,422 shares of the pipeline company’s stock after selling 44,578 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Williams Companies were worth $5,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV boosted its holdings in Williams Companies by 5.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 115,450 shares of the pipeline company’s stock worth $4,907,000 after buying an additional 6,413 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Williams Companies by 26.3% in the second quarter. Blair William & Co. IL now owns 47,669 shares of the pipeline company’s stock worth $2,026,000 after acquiring an additional 9,918 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Williams Companies by 47.8% during the second quarter. Intech Investment Management LLC now owns 35,960 shares of the pipeline company’s stock worth $1,528,000 after purchasing an additional 11,627 shares in the last quarter. Ieq Capital LLC raised its stake in Williams Companies by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 51,477 shares of the pipeline company’s stock valued at $2,188,000 after purchasing an additional 5,499 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in Williams Companies by 1.1% in the 2nd quarter. AE Wealth Management LLC now owns 86,692 shares of the pipeline company’s stock valued at $3,684,000 after purchasing an additional 912 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 0.1 %

WMB opened at $59.22 on Monday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. 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 business has a fifty day simple moving average of $56.13 and a 200-day simple moving average of $49.76. The firm has a market cap of $72.19 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.36 and a beta of 1.06.

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

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s dividend payout ratio is presently 80.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Finally, Truist Financial boosted their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average target price 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.