Corient Private Wealth LLC Cuts Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Corient Private Wealth LLC lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 542,665 shares of the pipeline company’s stock after selling 14,384 shares during the quarter. Corient Private Wealth LLC’s holdings in Williams Companies were worth $18,901,000 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 WMB. Patten Group Inc. lifted its stake in shares of Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after purchasing an additional 296 shares in the last quarter. Insigneo Advisory Services LLC raised its stake in shares of Williams Companies by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock valued at $353,000 after acquiring an additional 298 shares during the period. Graypoint LLC lifted its holdings in shares of Williams Companies by 2.6% during the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock valued at $427,000 after acquiring an additional 307 shares in the last quarter. Valley National Advisers Inc. boosted its position in Williams Companies by 20.8% during the 3rd quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock worth $61,000 after purchasing an additional 310 shares during the period. Finally, Integrated Advisors Network LLC increased its holdings in Williams Companies by 3.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 8,553 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 324 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Williams Companies stock opened at $40.11 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $41.89. The company has a fifty day moving average price of $38.99 and a two-hundred day moving average price of $36.52. The company has a market cap of $48.88 billion, a PE ratio of 16.85, a P/E/G ratio of 6.41 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.49 by $0.10. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. During the same period in the previous year, the business posted $0.56 EPS. The company’s quarterly revenue was down 10.1% on a year-over-year basis. Research analysts expect that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Analyst Ratings Changes

WMB has been the subject of a number of recent research reports. Truist Financial increased their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. CIBC boosted their target price on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Stifel Nicolaus raised their target price on Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.73.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.