The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Park Place Capital Corp

Park Place Capital Corp reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 31.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,534 shares of the pipeline company’s stock after selling 2,539 shares during the period. Park Place Capital Corp’s holdings in Williams Companies were worth $300,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the 3rd quarter valued at approximately $30,000. Rosenberg Matthew Hamilton increased its stake in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. Quarry LP purchased a new position in shares of Williams Companies during the second quarter worth $35,000. FSA Wealth Management LLC acquired a new position in Williams Companies during the third quarter valued at $38,000. Finally, Kimelman & Baird LLC purchased a new stake in Williams Companies in the second quarter valued at $42,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial upped their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Citigroup increased their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Barclays raised their price target 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, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Stock Down 2.3 %

WMB opened at $59.22 on Thursday. 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 Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $61.46. The company has a market cap of $72.19 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 5.44 and a beta of 1.06. The company has a 50-day moving average price of $56.26 and a 200 day moving average price of $50.05.

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. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.45 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

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.