Centered Wealth LLC dba Miller Equity Capital Advisors Sells 930 Shares of The Williams Companies, Inc. (NYSE:WMB)

Centered Wealth LLC dba Miller Equity Capital Advisors reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 48,040 shares of the pipeline company’s stock after selling 930 shares during the quarter. Williams Companies accounts for 1.0% of Centered Wealth LLC dba Miller Equity Capital Advisors’ portfolio, making the stock its 25th biggest position. Centered Wealth LLC dba Miller Equity Capital Advisors’ holdings in Williams Companies were worth $2,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WMB. Wellington Management Group LLP raised its stake in shares of Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after purchasing an additional 5,697,605 shares during the period. Assenagon Asset Management S.A. raised its position in Williams Companies by 3,490.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after buying an additional 1,555,667 shares during the last quarter. National Bank of Canada FI lifted its stake in Williams Companies by 224.1% in the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock valued at $60,909,000 after acquiring an additional 922,550 shares in the last quarter. Castle Hook Partners LP boosted its position in Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after acquiring an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Williams Companies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after acquiring an additional 520,663 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Citigroup boosted 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. Royal Bank of Canada boosted their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday. Truist Financial raised their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Scotiabank reissued a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.93.

Insider Buying and Selling

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the transaction, the senior vice president now owns 133,048 shares in the company, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is owned by insiders.

Williams Companies Price Performance

Shares of WMB opened at $56.90 on Wednesday. The firm has a market capitalization of $69.38 billion, a PE ratio of 31.09, a PEG ratio of 5.01 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a fifty-two week low of $35.74 and a fifty-two week high of $61.46. The company’s 50-day moving average is $56.65 and its 200-day moving average is $52.98.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is 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 3.51%. 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.