The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,032 shares of the pipeline company’s stock after selling 200 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in Williams Companies were worth $2,058,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WMB. AlphaMark Advisors LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at $27,000. Financial Life Planners purchased a new position in Williams Companies in the fourth quarter valued at about $30,000. SOA Wealth Advisors LLC. acquired a new position in shares of Williams Companies during the fourth quarter worth about $32,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter worth about $30,000. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.3 %

Williams Companies stock opened at $56.11 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $61.46. The company has a 50-day simple moving average of $55.91 and a 200-day simple moving average of $51.30. The firm has a market capitalization of $68.40 billion, a P/E ratio of 23.68, a P/E/G ratio of 5.06 and a beta of 1.04.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.56%. Williams Companies’s dividend payout ratio is 80.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho boosted their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Scotiabank reissued a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. Royal Bank of Canada raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America began coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average price target of $53.00.

About Williams Companies

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.