Greenleaf Trust lifted its holdings in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,340 shares of the pipeline company’s stock after buying an additional 1,814 shares during the period. Greenleaf Trust’s holdings in Williams Companies were worth $538,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairfield Bush & CO. purchased a new stake in shares of Williams Companies during the first quarter worth $54,000. Acadian Asset Management LLC lifted its position in shares of Williams Companies by 32.3% during the first quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock worth $347,000 after acquiring an additional 2,540 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Williams Companies by 1,001.1% during the first quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock worth $3,375,000 after acquiring an additional 91,851 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Williams Companies by 42.9% during the first quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock worth $3,297,000 after acquiring an additional 29,625 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Williams Companies during the first quarter worth $319,000. Hedge funds and other institutional investors own 85.38% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on WMB shares. Citigroup started coverage on Williams Companies in a research report on Thursday, December 8th. They issued a “neutral” rating and a $36.00 price objective on the stock. StockNews.com started coverage on Williams Companies in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Mizuho lowered their price objective on Williams Companies from $40.00 to $39.00 in a research report on Friday, December 16th. Truist Financial downgraded Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research report on Tuesday, March 28th. Finally, Argus downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus target price of $36.30.
Williams Companies Stock Performance
Williams Companies (NYSE:WMB – Get Rating) last issued its quarterly earnings data on Monday, February 20th. The pipeline company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Williams Companies had a net margin of 18.69% and a return on equity of 16.02%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the business posted $0.39 earnings per share. On average, analysts anticipate that The Williams Companies, Inc. will post 1.82 EPS for the current fiscal year.
Williams Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Monday, March 13th were issued a $0.4475 dividend. This is a positive change from Williams Companies’s previous quarterly dividend of $0.43. This represents a $1.79 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend was Friday, March 10th. Williams Companies’s payout ratio is presently 106.55%.
Insider Buying and Selling
In other news, Director William H. Spence acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was bought at an average cost of $29.61 per share, for a total transaction of $148,050.00. Following the acquisition, the director now directly owns 48,521 shares in the company, valued at $1,436,706.81. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by company insiders.
About Williams Companies
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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