Livforsakringsbolaget Skandia Omsesidigt Has $629,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,615 shares of the pipeline company’s stock after selling 600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Williams Companies were worth $629,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC bought a new position in shares of Williams Companies during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC bought a new stake in Williams Companies in the third quarter valued at approximately $30,000. Financial Life Planners acquired a new stake in Williams Companies during the 4th quarter valued at approximately $30,000. Rosenberg Matthew Hamilton raised its holdings in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Williams Companies in the 3rd quarter worth approximately $38,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMB has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Barclays lifted their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Truist Financial upped their target price on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Bank of America assumed coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. Finally, UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.00.

Williams Companies Stock Down 0.1 %

Williams Companies stock opened at $55.93 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average price is $55.96 and its two-hundred day moving average price is $51.11. The firm has a market capitalization of $68.18 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $61.46.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Williams Companies’s payout ratio is presently 80.17%.

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.