The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 306,662 shares of the pipeline company’s stock after selling 5,510 shares during the period. Amalgamated Bank’s holdings in Williams Companies were worth $10,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of Williams Companies by 120.8% during the third quarter. SG Americas Securities LLC now owns 26,424 shares of the pipeline company’s stock worth $890,000 after purchasing an additional 153,630 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Williams Companies by 7.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 167,220 shares of the pipeline company’s stock valued at $5,634,000 after buying an additional 12,008 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Williams Companies by 13.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company’s stock valued at $505,000 after acquiring an additional 1,721 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Williams Companies by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock worth $380,748,000 after acquiring an additional 68,674 shares during the last quarter. Finally, Segment Wealth Management LLC grew its holdings in Williams Companies by 27.4% in the third quarter. Segment Wealth Management LLC now owns 12,051 shares of the pipeline company’s stock valued at $406,000 after purchasing an additional 2,595 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE WMB traded up $0.13 during trading on Friday, reaching $38.67. The stock had a trading volume of 4,420,828 shares, compared to its average volume of 6,587,367. The firm’s 50 day moving average price is $37.77 and its two-hundred day moving average price is $35.98. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The stock has a market cap of $47.12 billion, a PE ratio of 14.76, a P/E/G ratio of 6.05 and a beta of 1.05. 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 posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company posted $0.53 EPS. On average, research analysts forecast that The Williams Companies, Inc. will post 1.82 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend 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%.

Wall Street Analysts Forecast Growth

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

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.