Philip James Wealth Mangement LLC Sells 323 Shares of The Williams Companies, Inc. (NYSE:WMB)

Philip James Wealth Mangement LLC lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,313 shares of the pipeline company’s stock after selling 323 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in Williams Companies were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Williams Companies by 19.0% during the 3rd 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. lifted 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 buying an additional 1,555,667 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after buying an additional 922,550 shares during the last quarter. Castle Hook Partners LP lifted its position in shares of Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after buying an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Williams Companies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after buying an additional 520,663 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $57.00 on Monday. The business’s 50-day moving average price is $55.85 and its two-hundred day moving average price is $51.71. The Williams Companies, Inc. has a twelve month low of $33.03 and a twelve month high of $61.46. The stock has a market cap of $69.48 billion, a P/E ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. Williams Companies’s dividend payout ratio is 80.17%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Mizuho upped their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. CIBC increased their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Scotiabank reissued a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Finally, Truist Financial increased their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $53.29.

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.