The Williams Companies, Inc. (NYSE:WMB) Shares Sold by MTM Investment Management LLC

MTM Investment Management LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,756 shares of the pipeline company’s stock after selling 2,227 shares during the period. MTM Investment Management LLC’s holdings in Williams Companies were worth $1,232,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in shares of Williams Companies during the 4th quarter valued at $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies during the 3rd quarter valued at $30,000. Financial Life Planners acquired a new stake in shares of Williams Companies during the 4th quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Williams Companies during the 4th quarter valued at $32,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Down 0.7 %

NYSE WMB opened at $54.83 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $51.49. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $61.46. The stock has a market cap of $66.84 billion, a PE ratio of 23.14, a PEG ratio of 5.06 and a beta of 1.04.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. On average, research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analysts Set New Price Targets

Several analysts have issued reports on WMB shares. CIBC boosted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Truist Financial boosted their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.00.

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.