Teamwork Financial Advisors LLC Trims Stake in The Williams Companies, Inc. (NYSE:WMB)

Teamwork Financial Advisors LLC lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,420 shares of the pipeline company’s stock after selling 67,554 shares during the period. Williams Companies comprises approximately 1.5% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Teamwork Financial Advisors LLC’s holdings in Williams Companies were worth $11,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Williams Companies by 19.0% in 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 purchasing an additional 5,697,605 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Williams Companies by 3,490.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock worth $86,605,000 after acquiring an additional 1,555,667 shares during the period. National Bank of Canada FI raised its position in shares of Williams Companies by 224.1% in the third quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after acquiring an additional 922,550 shares during the period. Castle Hook Partners LP boosted its stake 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 worth $136,461,000 after acquiring an additional 718,915 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Williams Companies by 1.7% in 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 purchasing an additional 520,663 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Down 2.3 %

Shares of WMB opened at $59.22 on Thursday. The stock has a fifty day simple moving average of $56.33 and a two-hundred day simple moving average of $50.12. 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 company has a market capitalization of $72.19 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 5.44 and a beta of 1.06. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $61.46.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Bank of America began coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Truist Financial upped their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded shares of 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 report on Friday, October 4th. Finally, CIBC upped their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.