Centered Wealth LLC dba Miller Equity Capital Advisors Decreases Position in The Williams Companies, Inc. (NYSE:WMB)

Centered Wealth LLC dba Miller Equity Capital Advisors cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,970 shares of the pipeline company’s stock after selling 374 shares during the period. Centered Wealth LLC dba Miller Equity Capital Advisors’ holdings in Williams Companies were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC raised its holdings in shares of Williams Companies by 6.8% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 185,029 shares of the pipeline company’s stock worth $6,445,000 after buying an additional 11,751 shares during the period. Abbrea Capital LLC raised its holdings in shares of Williams Companies by 28.9% in the fourth quarter. Abbrea Capital LLC now owns 10,958 shares of the pipeline company’s stock worth $382,000 after buying an additional 2,455 shares during the period. Syon Capital LLC raised its holdings in shares of Williams Companies by 7.9% in the fourth quarter. Syon Capital LLC now owns 10,112 shares of the pipeline company’s stock worth $352,000 after buying an additional 737 shares during the period. Bank of New Hampshire raised its holdings in shares of Williams Companies by 1.6% in the fourth quarter. Bank of New Hampshire now owns 30,298 shares of the pipeline company’s stock worth $1,055,000 after buying an additional 478 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Williams Companies by 7.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 29,431 shares of the pipeline company’s stock worth $1,025,000 after buying an additional 1,972 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMB. UBS Group increased their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Barclays raised their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Finally, Truist Financial raised their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and an average target price of $39.22.

Williams Companies Trading Up 0.5 %

WMB traded up $0.20 during trading hours on Thursday, reaching $39.45. The company’s stock had a trading volume of 3,902,106 shares, compared to its average volume of 7,018,331. 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’s 50-day moving average is $37.35 and its 200-day moving average is $35.85. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The stock has a market cap of $48.07 billion, a PE ratio of 15.06, a P/E/G ratio of 6.07 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.82%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

Williams Companies Company 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.