The Williams Companies, Inc. (NYSE:WMB) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 9.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,192,633 shares of the pipeline company’s stock after selling 225,354 shares during the period. California State Teachers Retirement System’s holdings in Williams Companies were worth $118,665,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WMB. Quent Capital LLC acquired a new stake in shares of Williams Companies in the 4th quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies during the 4th quarter worth about $25,000. AlphaMark Advisors LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at about $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies during the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. acquired a new position in Williams Companies in the fourth quarter valued at approximately $28,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on WMB. Scotiabank lifted their price target on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. CIBC raised their price target on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Truist Financial boosted their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Morgan Stanley raised their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Finally, Barclays lifted their target price on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.77.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the sale, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the sale, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 over the last 90 days. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $59.70 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $37.69 and a 12-month high of $61.67. The company has a market cap of $72.80 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The stock has a 50 day simple moving average of $57.62 and a 200-day simple moving average of $56.29.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

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.