Gilman Hill Asset Management LLC Has $5.65 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Gilman Hill Asset Management LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 94,500 shares of the pipeline company’s stock after selling 5,922 shares during the period. Gilman Hill Asset Management LLC’s holdings in Williams Companies were worth $5,647,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares during the last quarter. abrdn plc lifted its stake in shares of Williams Companies by 1.8% in the 4th quarter. abrdn plc now owns 1,504,850 shares of the pipeline company’s stock valued at $81,367,000 after purchasing an additional 26,846 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Williams Companies by 3.0% in the 4th quarter. Mather Group LLC. now owns 9,620 shares of the pipeline company’s stock valued at $521,000 after purchasing an additional 280 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Williams Companies by 57.0% in the 4th quarter. Ninety One UK Ltd now owns 461,711 shares of the pipeline company’s stock valued at $24,988,000 after purchasing an additional 167,699 shares during the last quarter. Finally, Jackson Wealth Management LLC lifted its position in shares of Williams Companies by 4.1% in the fourth quarter. Jackson Wealth Management LLC now owns 79,532 shares of the pipeline company’s stock worth $4,304,000 after buying an additional 3,137 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $60.16 on Thursday. The Williams Companies, Inc. has a one year low of $40.41 and a one year high of $61.67. The firm has a market capitalization of $73.36 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 5.01 and a beta of 0.65. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The business has a fifty day simple moving average of $58.42 and a 200 day simple moving average of $57.32.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.32%. Williams Companies’s dividend payout ratio is currently 106.95%.

Analyst Ratings Changes

A number of brokerages have weighed in on WMB. Wells Fargo & Company boosted their price target on Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. CIBC boosted their target price on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Citigroup boosted their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and set a $63.00 price objective on shares of Williams Companies in a research report on Friday, May 16th. Finally, Truist Financial boosted their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and an average target price of $60.75.

Insiders Place Their Bets

In other news, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at approximately $37,907,316.72. This trade represents a 11.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Larry C. Larsen sold 8,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. This trade represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Williams Companies 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.