The Williams Companies, Inc. (NYSE:WMB) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 1.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 74,895 shares of the pipeline company’s stock after selling 1,050 shares during the quarter. Williams Companies makes up about 1.6% of MADDEN SECURITIES Corp’s holdings, making the stock its 18th largest position. MADDEN SECURITIES Corp’s holdings in Williams Companies were worth $4,053,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on WMB shares. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. CIBC lifted their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Truist Financial increased their target price on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Barclays boosted their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Mizuho increased their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.00.

Williams Companies Trading Up 0.3 %

Shares of WMB stock opened at $56.11 on Tuesday. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $61.46. The firm’s 50-day simple moving average is $55.91 and its 200-day simple moving average is $51.30. The firm has a market cap of $68.40 billion, a P/E ratio of 23.68, a PEG ratio of 5.06 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is 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.