The Williams Companies, Inc. (NYSE:WMB) Stock Position Lowered by Brookfield Corp ON

Brookfield Corp ON lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,904,893 shares of the pipeline company’s stock after selling 1,072,881 shares during the period. Williams Companies comprises approximately 1.3% of Brookfield Corp ON’s portfolio, making the stock its 12th biggest position. Brookfield Corp ON owned about 0.40% of Williams Companies worth $223,908,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake 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 valued at $1,631,288,000 after acquiring an additional 5,697,605 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Williams Companies by 1.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after purchasing an additional 144,713 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after purchasing an additional 311,530 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Williams Companies by 8.8% during the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after buying an additional 618,056 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Williams Companies by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after buying an additional 67,016 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $56.84 on Friday. The company’s fifty day moving average is $53.53 and its 200 day moving average is $46.74. 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 stock has a market cap of $69.28 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 5.78 and a beta of 1.05. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.34%. Williams Companies’s payout ratio is 80.17%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent research reports. UBS Group lifted 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. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Barclays increased their target price on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.07.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.

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.