Lummis Asset Management LP Cuts Stake in The Williams Companies, Inc. (NYSE:WMB)

Lummis Asset Management LP decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,133 shares of the pipeline company’s stock after selling 495 shares during the period. Williams Companies comprises 1.0% of Lummis Asset Management LP’s portfolio, making the stock its 29th largest holding. Lummis Asset Management LP’s holdings in Williams Companies were worth $765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after purchasing an additional 5,697,605 shares during the period. Geode Capital Management LLC increased its holdings in Williams Companies by 1.7% in the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after buying an additional 520,663 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Williams Companies by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after acquiring an additional 67,016 shares during the period. Swiss National Bank boosted its stake in shares of Williams Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after acquiring an additional 9,800 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Williams Companies by 3.4% in the 3rd quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after acquiring an additional 108,675 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Up 0.1 %

NYSE WMB opened at $59.22 on Friday. The stock has a market cap of $72.19 billion, a P/E ratio of 24.99, a PEG ratio of 5.36 and a beta of 1.06. The company’s fifty day simple moving average is $56.08 and its 200-day simple moving average is $49.59. 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 Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data 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 firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities research analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMB. Citigroup raised their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $52.00 to $58.00 in a research report on Friday, October 4th. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.00.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.