Swiss National Bank Sells 114,600 Shares of The Williams Companies, Inc. (NYSE:WMB)

Swiss National Bank lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,803,700 shares of the pipeline company’s stock after selling 114,600 shares during the quarter. Swiss National Bank owned about 0.31% of Williams Companies worth $132,483,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WMB. Turtle Creek Wealth Advisors LLC bought a new position in shares of Williams Companies in the fourth quarter worth $26,000. Carmel Capital Partners LLC bought a new position in Williams Companies in the third quarter valued at $31,000. CGC Financial Services LLC bought a new position in Williams Companies in the fourth quarter valued at $35,000. OFI Invest Asset Management bought a new position in Williams Companies in the third quarter valued at $41,000. Finally, CVA Family Office LLC bought a new position in Williams Companies in the fourth quarter valued at $52,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $38.67 on Friday. The company has a 50 day simple moving average of $37.77 and a two-hundred day simple moving average of $35.98. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 6.05 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the previous year, the firm posted $0.53 EPS. Analysts expect that The Williams Companies, Inc. will post 1.82 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is 72.52%.

Analyst Ratings Changes

WMB has been the topic of a number of research analyst reports. Wolfe Research reissued an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial upped their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Barclays upped their price target on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, UBS Group upped their price target on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $39.22.

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.