CNB Bank Reduces Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

CNB Bank lowered its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,265 shares of the pipeline company’s stock after selling 3,294 shares during the quarter. CNB Bank’s holdings in Williams Companies were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Williams Companies by 19.0% during the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after buying an additional 5,697,605 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after acquiring an additional 1,555,667 shares during the period. National Bank of Canada FI increased its stake in shares of Williams Companies by 224.1% in the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after purchasing an additional 922,550 shares in the last quarter. Castle Hook Partners LP lifted its position in Williams Companies by 31.7% during the third quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after purchasing an additional 718,915 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after purchasing an additional 520,663 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.5 %

NYSE WMB opened at $59.49 on Friday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36. The company has a market capitalization of $72.52 billion, a P/E ratio of 25.07, a P/E/G ratio of 5.36 and a beta of 1.06. The stock has a 50 day moving average price of $56.00 and a 200-day moving average price of $49.52. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.19%. 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 firm’s stock in a transaction dated Friday, November 8th. The shares were 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 trade represents a 23.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMB. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Mizuho lifted their target price 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. Truist Financial increased their price target 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, CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.