Corient Private Wealth LLC Has $30.11 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Corient Private Wealth LLC reduced its position in The Williams Companies, Inc. (NYSE:WMB) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 562,360 shares of the pipeline company’s stock after selling 26,750 shares during the period. Corient Private Wealth LLC’s holdings in Williams Companies were worth $30,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new position in Williams Companies in the fourth quarter worth approximately $720,000. Foundations Investment Advisors LLC raised its holdings in shares of Williams Companies by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock valued at $8,811,000 after purchasing an additional 19,782 shares in the last quarter. Golden State Equity Partners lifted its stake in shares of Williams Companies by 319.9% in the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after purchasing an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC boosted its holdings in Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after purchasing an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP acquired a new position in Williams Companies during the fourth quarter worth $995,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This trade represents a 16.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the transaction, the chief accounting officer now directly owns 22,339 shares in the company, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WMB. The Goldman Sachs Group boosted their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Citigroup increased their price target on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Scotiabank boosted their price objective 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. Finally, Barclays raised their target price on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. One research 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 data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average target price of $55.07.

Williams Companies Trading Up 2.0 %

Shares of WMB opened at $58.42 on Tuesday. The firm has a market capitalization of $71.23 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a 12-month low of $36.84 and a 12-month high of $61.46. The stock’s 50-day moving average price is $56.83 and its 200 day moving average price is $53.66. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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 15.85% and a net margin of 21.17%. As a group, research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is currently 109.29%.

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.