The Williams Companies, Inc. (NYSE:WMB) Holdings Cut by Sapient Capital LLC

Sapient Capital LLC lessened its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,956 shares of the pipeline company’s stock after selling 653 shares during the period. Sapient Capital LLC’s holdings in Williams Companies were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new position in Williams Companies in the fourth quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies in the fourth quarter worth approximately $26,000. FSC Wealth Advisors LLC acquired a new position in Williams Companies in the third quarter worth approximately $27,000. Rise Advisors LLC purchased a new position in Williams Companies during the 1st quarter worth approximately $27,000. Finally, Carmel Capital Partners LLC purchased a new position in Williams Companies during the 3rd quarter worth approximately $31,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 2.2 %

Shares of NYSE:WMB traded down $0.86 during trading on Tuesday, reaching $38.36. 7,907,240 shares of the company traded hands, compared to its average volume of 6,989,701. The firm has a fifty day simple moving average of $37.63 and a 200 day simple moving average of $35.95. The firm has a market cap of $46.73 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 6.14 and a beta of 1.04. The Williams Companies, Inc. has a 1-year low of $28.27 and a 1-year high of $39.76. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB) last issued 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 net margin of 29.22% and a return on equity of 16.20%. During the same quarter last year, the company posted $0.53 earnings per share. Analysts anticipate that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.95%. Williams Companies’s payout ratio is presently 72.52%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMB. Wolfe Research reiterated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. Barclays lifted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Finally, UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.22.

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.