Parkside Financial Bank & Trust Sells 301 Shares of The Williams Companies, Inc. (NYSE:WMB)

Parkside Financial Bank & Trust reduced its position in The Williams Companies, Inc. (NYSE:WMB) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,323 shares of the pipeline company’s stock after selling 301 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Williams Companies were worth $151,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. RWA Wealth Partners LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at approximately $575,000. Sage Mountain Advisors LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at approximately $256,000. Jennison Associates LLC grew its holdings in shares of Williams Companies by 69.2% during the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after purchasing an additional 1,679,452 shares during the last quarter. Telemus Capital LLC grew its holdings in shares of Williams Companies by 3.8% during the 4th quarter. Telemus Capital LLC now owns 182,593 shares of the pipeline company’s stock valued at $6,360,000 after purchasing an additional 6,686 shares during the last quarter. Finally, Duality Advisers LP bought a new stake in shares of Williams Companies during the 4th quarter valued at approximately $6,636,000. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target 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. Truist Financial lifted their price target 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 boosted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Finally, Wolfe Research reissued an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have given 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 a consensus price target of $39.22.

Williams Companies Stock Up 1.2 %

Shares of NYSE WMB opened at $39.25 on Thursday. The company has a market capitalization of $47.82 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The company’s 50 day moving average price is $37.25 and its 200-day moving average price is $35.82.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company posted $0.53 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.83 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s dividend payout ratio (DPR) is currently 72.52%.

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.