The Williams Companies, Inc. (NYSE:WMB) Stake Lessened by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMBGet Rating) by 6.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,034 shares of the pipeline company’s stock after selling 5,742 shares during the period. Gilman Hill Asset Management LLC’s holdings in Williams Companies were worth $2,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tudor Investment Corp Et Al lifted its holdings in shares of Williams Companies by 9.3% in the third quarter. Tudor Investment Corp Et Al now owns 380,256 shares of the pipeline company’s stock valued at $9,864,000 after buying an additional 32,406 shares during the period. Man Group plc bought a new position in shares of Williams Companies during the 3rd quarter valued at about $1,187,000. Atria Investments LLC grew its stake in shares of Williams Companies by 5.6% in the 3rd quarter. Atria Investments LLC now owns 57,329 shares of the pipeline company’s stock worth $1,487,000 after purchasing an additional 3,029 shares during the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Williams Companies by 7.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 89,864 shares of the pipeline company’s stock worth $2,331,000 after purchasing an additional 6,418 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in Williams Companies by 103.6% during the third quarter. Cetera Advisors LLC now owns 94,431 shares of the pipeline company’s stock valued at $2,450,000 after purchasing an additional 48,061 shares during the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:WMB traded down $0.13 on Thursday, hitting $30.44. 248,383 shares of the company were exchanged, compared to its average volume of 8,600,662. The company’s 50 day moving average price is $35.03 and its two-hundred day moving average price is $31.72. The firm has a market capitalization of $37.08 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 5.70 and a beta of 1.16. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.69 and a current ratio of 0.73. The Williams Companies, Inc. has a one year low of $23.53 and a one year high of $37.97.

Williams Companies (NYSE:WMBGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The pipeline company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $3.19 billion. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. During the same quarter last year, the company earned $0.35 EPS. Research analysts predict that The Williams Companies, Inc. will post 1.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Shareholders of record on Friday, June 10th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, June 9th. Williams Companies’s dividend payout ratio (DPR) is presently 141.67%.

WMB has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on Williams Companies from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, May 20th. Truist Financial initiated coverage on Williams Companies in a research report on Monday, May 2nd. They issued a “buy” rating and a $37.00 price target for the company. Stifel Nicolaus boosted their price objective on Williams Companies from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, March 1st. US Capital Advisors reaffirmed a “hold” rating on shares of Williams Companies in a research note on Wednesday, June 1st. Finally, Raymond James lifted their target price on shares of Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, April 20th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.54.

In other Williams Companies news, SVP Debbie L. Cowan sold 36,228 shares of the company’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $37.75, for a total value of $1,367,607.00. Following the sale, the senior vice president now directly owns 62,891 shares in the company, valued at $2,374,135.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott A. Hallam sold 15,607 shares of the business’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $33.30, for a total transaction of $519,713.10. Following the completion of the sale, the senior vice president now owns 164,054 shares in the company, valued at approximately $5,462,998.20. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.

Williams Companies Company Profile (Get Rating)

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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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