BI Asset Management Fondsmaeglerselskab A S Sells 3,634 Shares of The Williams Companies, Inc. (NYSE:WMB)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,850 shares of the pipeline company’s stock after selling 3,634 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Williams Companies were worth $1,353,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Williams Companies in the 4th quarter valued at about $26,000. CGC Financial Services LLC bought a new stake in Williams Companies in the fourth quarter worth about $35,000. CVA Family Office LLC bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $52,000. Salem Investment Counselors Inc. raised its stake in shares of Williams Companies by 121.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock valued at $58,000 after acquiring an additional 908 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $58,000. Institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMB shares. Barclays lifted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Truist Financial lifted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. CIBC lifted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Wells Fargo & Company lifted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, UBS Group lifted their price target on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $39.73.

Williams Companies Trading Up 0.8 %

NYSE WMB opened at $41.79 on Wednesday. The company has a market capitalization of $50.93 billion, a PE ratio of 17.56, a P/E/G ratio of 6.51 and a beta of 1.05. The company has a fifty day moving average of $38.85 and a 200 day moving average of $36.46. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $41.89. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. Research analysts forecast that The Williams Companies, Inc. will post 1.82 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a $0.475 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.55%. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

About 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.