Cowa LLC Has $229,000 Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cowa LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 28.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,015 shares of the pipeline company’s stock after selling 1,982 shares during the period. Cowa LLC’s holdings in Williams Companies were worth $229,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWA Asset Management Group LLC acquired a new position in shares of Williams Companies in the third quarter valued at about $300,000. Philip James Wealth Mangement LLC acquired a new stake in Williams Companies during the third quarter worth about $212,000. TFB Advisors LLC acquired a new stake in Williams Companies during the third quarter worth about $229,000. Consolidated Planning Corp grew its stake in Williams Companies by 8.8% during the third quarter. Consolidated Planning Corp now owns 103,644 shares of the pipeline company’s stock worth $4,731,000 after buying an additional 8,344 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Williams Companies by 2.3% during the third quarter. Principal Financial Group Inc. now owns 1,576,165 shares of the pipeline company’s stock worth $71,952,000 after buying an additional 35,981 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMB has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective on the stock. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Mizuho raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Truist Financial raised their price target on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.38.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now owns 304,200 shares in the company, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Up 1.6 %

NYSE:WMB opened at $56.32 on Friday. The firm’s 50 day simple moving average is $48.81 and its 200 day simple moving average is $44.34. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $56.80. The company has a market cap of $68.64 billion, a PE ratio of 23.76, a P/E/G ratio of 6.19 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.90%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $0.45 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.37%. Williams Companies’s dividend payout ratio is presently 80.17%.

Williams Companies Company 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.