Oxbow Advisors LLC Sells 101,772 Shares of The Williams Companies, Inc. (NYSE:WMB)

Oxbow Advisors LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 36.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,540 shares of the pipeline company’s stock after selling 101,772 shares during the quarter. Williams Companies accounts for 1.1% of Oxbow Advisors LLC’s holdings, making the stock its 19th biggest position. Oxbow Advisors LLC’s holdings in Williams Companies were worth $9,500,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WMB. Allspring Global Investments Holdings LLC increased its stake in Williams Companies by 132.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 146,247 shares of the pipeline company’s stock worth $6,676,000 after purchasing an additional 83,300 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Williams Companies by 50.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 36,459 shares of the pipeline company’s stock worth $1,664,000 after purchasing an additional 12,256 shares in the last quarter. Private Advisor Group LLC boosted its position in Williams Companies by 8.2% during the 3rd quarter. Private Advisor Group LLC now owns 106,170 shares of the pipeline company’s stock worth $4,847,000 after acquiring an additional 8,015 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Williams Companies during the 3rd quarter worth approximately $284,000. Finally, International Assets Investment Management LLC boosted its position in Williams Companies by 494.7% during the 3rd quarter. International Assets Investment Management LLC now owns 394,161 shares of the pipeline company’s stock worth $17,993,000 after acquiring an additional 327,877 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 1.7 %

WMB opened at $57.44 on Friday. The Williams Companies, Inc. has a 1-year low of $34.26 and a 1-year high of $61.46. The stock’s fifty day simple moving average is $56.15 and its 200 day simple moving average is $52.18. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The stock has a market cap of $70.01 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 5.01 and a beta of 1.04.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 103.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WMB shares. Mizuho upped their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Barclays upped their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. UBS Group upped their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group upped their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average target price of $53.29.

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.