The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,036,426 shares of the pipeline company’s stock after selling 61,515 shares during the period. Williams Companies makes up 4.5% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Chickasaw Capital Management LLC’s holdings in Williams Companies were worth $110,211,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the third quarter worth about $30,000. Rosenberg Matthew Hamilton increased its stake in 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 acquiring an additional 252 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter worth $34,000. Quarry LP acquired a new stake in shares of Williams Companies in the 2nd quarter valued at $35,000. Finally, FSA Wealth Management LLC bought a new position in shares of Williams Companies in the 3rd quarter valued at $38,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.7 %

Shares of NYSE WMB traded down $0.38 during trading on Tuesday, hitting $55.43. 2,836,145 shares of the company traded hands, compared to its average volume of 5,204,132. 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 business’s fifty day moving average is $55.46 and its 200 day moving average is $48.88. The firm has a market capitalization of $67.57 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 5.60 and a beta of 1.06. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $0.45 EPS. Williams Companies’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Activity

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMB. Bank of America initiated coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Truist Financial upped their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Citigroup raised their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $52.07.

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.