The Williams Companies, Inc. (NYSE:WMB) Stock Position Lessened by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,997 shares of the pipeline company’s stock after selling 397 shares during the period. Brown Miller Wealth Management LLC’s holdings in Williams Companies were worth $244,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. FSC Wealth Advisors LLC bought a new stake in shares of Williams Companies in the third quarter valued at approximately $27,000. HWG Holdings LP acquired a new stake in Williams Companies in the 3rd quarter valued at approximately $29,000. Salem Investment Counselors Inc. increased its position in shares of Williams Companies by 52.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 315 shares during the last quarter. Carmel Capital Partners LLC acquired a new stake in Williams Companies during the third quarter worth approximately $31,000. Finally, CGC Financial Services LLC bought a new position in Williams Companies in the 4th quarter valued at about $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMB shares. UBS Group upped their price target on shares of Williams Companies from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. 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. Finally, Mizuho upped their price target on shares of Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.09.

Williams Companies Stock Performance

Williams Companies stock traded up $0.41 during midday trading on Thursday, reaching $38.95. 6,720,431 shares of the company traded hands, compared to its average volume of 7,153,056. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.09. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The business has a 50 day moving average of $35.50 and a two-hundred day moving average of $35.15. The firm has a market capitalization of $47.46 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) 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 period in the previous year, the company earned $0.53 EPS. As a group, research analysts predict that The Williams Companies, Inc. will post 1.8 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.88%. Williams Companies’s dividend payout ratio is presently 72.52%.

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.