Parkside Financial Bank & Trust Decreases Holdings in The Williams Companies, Inc. (NYSE:WMB)

Parkside Financial Bank & Trust cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,323 shares of the pipeline company’s stock after selling 301 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Williams Companies were worth $151,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of Williams Companies by 3.9% in the third quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after buying an additional 712,048 shares during the period. Northern Trust Corp increased its stake in shares of Williams Companies by 8.1% in the third quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after buying an additional 1,089,150 shares during the period. Federated Hermes Inc. increased its stake in shares of Williams Companies by 7.3% in the third quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after buying an additional 921,537 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Williams Companies by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock worth $380,748,000 after buying an additional 68,674 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Williams Companies by 35.1% in the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after buying an additional 2,482,331 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Williams Companies Stock Performance

Shares of WMB stock opened at $39.25 on Thursday. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.76. The stock has a market cap of $47.82 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The company’s fifty day moving average price is $37.25 and its 200-day moving average price is $35.82.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.53 EPS. On average, equities analysts expect that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s dividend payout ratio (DPR) 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.