Federated Hermes Inc. lowered its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 31.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,362,419 shares of the pipeline company’s stock after selling 4,266,208 shares during the period. Williams Companies comprises approximately 0.8% of Federated Hermes Inc.’s holdings, making the stock its 21st largest position. Federated Hermes Inc. owned about 0.77% of Williams Companies worth $326,093,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in WMB. Turtle Creek Wealth Advisors LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in Williams Companies in the 3rd quarter worth approximately $27,000. HWG Holdings LP purchased a new stake in Williams Companies in the 3rd quarter worth approximately $29,000. Salem Investment Counselors Inc. grew its stake in Williams Companies by 52.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 315 shares during the period. Finally, Carmel Capital Partners LLC purchased a new stake in Williams Companies in the 3rd quarter worth approximately $31,000. 86.44% of the stock is owned by hedge funds and other institutional investors.
Williams Companies Stock Up 0.1 %
Shares of Williams Companies stock traded up $0.04 during trading on Thursday, reaching $37.72. The company had a trading volume of 2,406,329 shares, compared to its average volume of 7,053,399. The firm’s fifty day moving average is $36.79 and its 200-day moving average is $35.63. 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 has a market cap of $45.96 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 5.89 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76.
Williams Companies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 5.04%. Williams Companies’s payout ratio is 72.52%.
Wall Street Analyst Weigh In
Several analysts have commented on WMB shares. Barclays lifted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. 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. Wolfe Research reiterated an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a report on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Hold” and an average price target of $38.55.
View Our Latest Stock Report on WMB
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.
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