Obermeyer Wood Investment Counsel Lllp Sells 528,746 Shares of The Williams Companies, Inc. (NYSE:WMB)

Obermeyer Wood Investment Counsel Lllp lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 48.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 558,507 shares of the pipeline company’s stock after selling 528,746 shares during the period. Williams Companies makes up about 1.3% of Obermeyer Wood Investment Counsel Lllp’s investment portfolio, making the stock its 27th largest position. Obermeyer Wood Investment Counsel Lllp’s holdings in Williams Companies were worth $19,453,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WMB. Fairfield Bush & CO. bought a new stake in Williams Companies in the first quarter worth $54,000. Acadian Asset Management LLC boosted its stake in Williams Companies by 32.3% during the first quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock worth $347,000 after buying an additional 2,540 shares during the period. Cibc World Market Inc. lifted its stake in Williams Companies by 1,001.1% in the first quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock worth $3,375,000 after acquiring an additional 91,851 shares during the period. Cetera Investment Advisers raised its holdings in Williams Companies by 42.9% in the first quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock worth $3,297,000 after purchasing an additional 29,625 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Williams Companies in the first quarter worth about $319,000. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WMB shares. Truist Financial upped their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Barclays upped 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. UBS Group upped their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $38.55.

Williams Companies Stock Performance

Williams Companies stock traded down $0.10 during mid-day trading on Thursday, hitting $37.58. The company had a trading volume of 7,216,365 shares, compared to its average volume of 7,120,398. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76. The company has a market capitalization of $45.79 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 5.89 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 is $36.79 and its 200-day moving average is $35.63.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter last year, the business posted $0.53 EPS. Equities research analysts predict that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 5.06%. Williams Companies’s dividend payout ratio is currently 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.