Sanibel Captiva Trust Company Inc. Lowers Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Sanibel Captiva Trust Company Inc. lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,733 shares of the pipeline company’s stock after selling 214 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Williams Companies were worth $1,896,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WMB. Myriad Asset Management US LP acquired a new stake in Williams Companies in the fourth quarter valued at approximately $995,000. ING Groep NV grew its position in shares of Williams Companies by 266.6% during the fourth quarter. ING Groep NV now owns 155,694 shares of the pipeline company’s stock worth $8,426,000 after acquiring an additional 113,227 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Williams Companies by 14.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company’s stock worth $5,130,000 after acquiring an additional 10,561 shares during the last quarter. Cerity Partners LLC grew its position in shares of Williams Companies by 4.3% during the fourth quarter. Cerity Partners LLC now owns 183,317 shares of the pipeline company’s stock worth $9,224,000 after acquiring an additional 7,618 shares during the last quarter. Finally, NEOS Investment Management LLC grew its position in shares of Williams Companies by 31.4% during the fourth quarter. NEOS Investment Management LLC now owns 72,904 shares of the pipeline company’s stock worth $3,946,000 after acquiring an additional 17,420 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Down 1.3%

Shares of NYSE:WMB opened at $58.91 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $61.67. The stock has a market capitalization of $71.83 billion, a P/E ratio of 32.19, a PEG ratio of 5.01 and a beta of 0.65. The stock has a 50-day simple moving average of $58.39 and a 200-day simple moving average of $57.33.

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

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s payout ratio is currently 106.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WMB shares. Scotiabank lifted their price objective on shares of Williams Companies from $52.00 to $59.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. CIBC boosted their target price on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Barclays lifted their price target on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Truist Financial lifted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.25.

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.