CIBC Asset Management Inc Sells 36,018 Shares of The Williams Companies, Inc. (NYSE:WMB)

CIBC Asset Management Inc trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 240,930 shares of the pipeline company's stock after selling 36,018 shares during the quarter. CIBC Asset Management Inc's holdings in Williams Companies were worth $10,998,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WMB. SouthState Corp acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $31,000. Rosenberg Matthew Hamilton increased its stake in Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock worth $34,000 after acquiring an additional 252 shares during the period. GHP Investment Advisors Inc. acquired a new position in Williams Companies in the 2nd quarter valued at $34,000. Quarry LP bought a new stake in shares of Williams Companies during the 2nd quarter valued at $35,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Williams Companies by 120.8% during the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company's stock worth $45,000 after purchasing an additional 545 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company's stock, valued at approximately $13,777,218. This represents a 0.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares of the company's stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company's stock.

Williams Companies Stock Performance

NYSE:WMB opened at $56.55 on Friday. The stock's 50-day moving average is $49.94 and its 200-day moving average is $44.98. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $57.33. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The stock has a market cap of $68.94 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 5.83 and a beta of 1.03.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, December 13th. Williams Companies's payout ratio is presently 80.17%.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of analyst reports. CIBC boosted their price target on Williams Companies from $45.00 to $54.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Scotiabank increased their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 8th. Seaport Res Ptn cut shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 30th. Mizuho upped their target price on Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of "Hold" and a consensus target price of $51.54.

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.