Bank of New Hampshire Reduces Position in The Williams Companies, Inc. (NYSE:WMB)

Bank of New Hampshire decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,974 shares of the pipeline company’s stock after selling 1,185 shares during the period. Bank of New Hampshire’s holdings in Williams Companies were worth $323,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in WMB. Wellington Management Group LLP grew its holdings in Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after acquiring an additional 5,697,605 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Williams Companies by 1.7% in the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after purchasing an additional 311,530 shares during the period. Bahl & Gaynor Inc. raised its position in Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after purchasing an additional 618,056 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Williams Companies by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock worth $330,470,000 after buying an additional 67,016 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Bank of America assumed coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Truist Financial boosted their price target on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Mizuho raised their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, CIBC upped their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.07.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $55.55 on Wednesday. The stock has a market cap of $67.72 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 5.60 and a beta of 1.06. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36. The firm’s 50-day moving average is $55.53 and its 200 day moving average is $48.98.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, December 13th. Williams Companies’s payout ratio is currently 80.17%.

Williams Companies Company 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.