Stablepoint Partners LLC Sells 596 Shares of The Williams Companies, Inc. (NYSE:WMB)

Stablepoint Partners LLC lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,117 shares of the pipeline company’s stock after selling 596 shares during the quarter. Stablepoint Partners LLC’s holdings in Williams Companies were worth $1,955,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new stake in Williams Companies during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the 3rd quarter worth $30,000. Rosenberg Matthew Hamilton raised its holdings in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the period. Quarry LP purchased a new position in Williams Companies during the second quarter valued at $35,000. Finally, FSA Wealth Management LLC bought a new stake in Williams Companies during the third quarter valued at about $38,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $59.64 on Friday. The firm has a fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $50.30. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $72.70 billion, a P/E ratio of 25.17, a PEG ratio of 5.31 and a beta of 1.06.

Williams Companies (NYSE:WMB) last released its quarterly 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 return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine 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 an average price target of $53.00.

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.