Thoroughbred Financial Services LLC Has $951,000 Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Thoroughbred Financial Services LLC lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,584 shares of the pipeline company’s stock after selling 978 shares during the period. Thoroughbred Financial Services LLC’s holdings in Williams Companies were worth $951,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Williams Companies during the fourth quarter valued at about $575,103,000. Amundi boosted its position in Williams Companies by 28.8% during the 4th quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock worth $495,215,000 after buying an additional 1,964,421 shares during the period. Assenagon Asset Management S.A. grew its holdings in 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 worth $86,605,000 after acquiring an additional 1,555,667 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Williams Companies by 147.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,906,740 shares of the pipeline company’s stock valued at $103,193,000 after acquiring an additional 1,135,195 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Williams Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company’s stock worth $7,054,876,000 after purchasing an additional 1,008,213 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at approximately $1,284,492.50. This represents a 28.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the transaction, the chief operating officer now directly owns 714,693 shares in the company, valued at $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock worth $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Scotiabank lifted their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Truist Financial raised their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Morgan Stanley boosted their price target 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, Citigroup increased their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.07.

Williams Companies Trading Down 7.5 %

NYSE WMB opened at $54.61 on Friday. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67. The business has a 50 day moving average price of $57.25 and a 200-day moving average price of $55.02. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The company has a market cap of $66.59 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 5.01 and a beta of 0.87.

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, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, equities analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. Williams Companies’s dividend payout ratio is 109.29%.

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.