Eagle Rock Investment Company LLC Sells 958 Shares of The Williams Companies, Inc. (NYSE:WMB)

Eagle Rock Investment Company LLC cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,034 shares of the pipeline company’s stock after selling 958 shares during the period. Eagle Rock Investment Company LLC’s holdings in Williams Companies were worth $2,275,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in shares of Williams Companies in the third quarter worth about $30,000. Rosenberg Matthew Hamilton increased its holdings in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. Quarry LP bought a new stake in Williams Companies during the 2nd quarter worth approximately $35,000. FSA Wealth Management LLC purchased a new position in Williams Companies during the third quarter valued at approximately $38,000. Finally, Fortitude Family Office LLC boosted its position in shares of Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 545 shares during the period. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. CIBC raised their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada upped their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, Scotiabank restated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.00.

Williams Companies Trading Up 1.9 %

WMB stock opened at $59.13 on Friday. The firm has a fifty day moving average price of $56.00 and a 200 day moving average price of $49.52. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. The firm has a market cap of $72.08 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 5.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.52 billion. During the same period last year, the company posted $0.45 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s payout ratio is currently 80.17%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction on 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 transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.

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.