G&S Capital LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,649 shares of the pipeline company's stock after selling 17,766 shares during the quarter. Williams Companies makes up approximately 1.2% of G&S Capital LLC's investment portfolio, making the stock its 24th largest position. G&S Capital LLC's holdings in Williams Companies were worth $3,012,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in Williams Companies during the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies in the fourth quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies during the third quarter worth approximately $30,000. Financial Life Planners purchased a new stake in shares of Williams Companies during the fourth quarter worth approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Williams Companies in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 86.44% of the company's stock.
NYSE:WMB opened at $54.83 on Thursday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46. The stock's fifty day moving average is $55.84 and its two-hundred day moving average is $51.51. The company has a market capitalization of $66.84 billion, a P/E ratio of 23.14, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.
Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Equities analysts expect that The Williams Companies, Inc. will post 1.91 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.65%. Williams Companies's payout ratio is presently 80.17%.
WMB has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. CIBC boosted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Scotiabank reiterated a "sector perform" rating and issued a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Mizuho boosted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, November 4th. Finally, Truist Financial increased their price target on Williams Companies from $52.00 to $56.00 and gave the company a "hold" rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.00.
View Our Latest Report on 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.
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