G&S Capital LLC Cuts Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

G&S Capital LLC reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,533 shares of the pipeline company’s stock after selling 1,190 shares during the period. Williams Companies makes up 1.4% of G&S Capital LLC’s portfolio, making the stock its 13th largest holding. G&S Capital LLC’s holdings in Williams Companies were worth $3,177,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WMB. Norges Bank bought a new stake in shares of Williams Companies in the fourth quarter worth about $306,417,000. Wellington Management Group LLP boosted its stake in Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after buying an additional 2,482,331 shares during the last quarter. Jennison Associates LLC grew its holdings in Williams Companies by 69.2% during the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after buying an additional 1,679,452 shares in the last quarter. First Financial Bankshares Inc bought a new stake in Williams Companies in the 4th quarter worth approximately $56,223,000. Finally, Morningstar Investment Services LLC raised its holdings in shares of Williams Companies by 3,821.2% during the 4th quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock worth $55,180,000 after acquiring an additional 1,539,431 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

WMB opened at $42.28 on Thursday. The business has a fifty day moving average of $40.34 and a 200 day moving average of $37.43. The stock has a market cap of $51.53 billion, a P/E ratio of 17.76, a PEG ratio of 6.73 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a 52-week low of $30.90 and a 52-week high of $43.22.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The firm 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%. The business’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.49%. Williams Companies’s dividend payout ratio is currently 79.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WMB shares. Truist Financial boosted their price target on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Royal Bank of Canada increased their price target on shares of Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. CIBC boosted their price objective on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, Barclays raised their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and a consensus target price of $41.42.

Insider Transactions at Williams Companies

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