Chickasaw Capital Management LLC Sells 61,515 Shares of The Williams Companies, Inc. (NYSE:WMB)

Chickasaw Capital Management LLC lowered its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,036,426 shares of the pipeline company's stock after selling 61,515 shares during the period. Williams Companies accounts for approximately 4.5% of Chickasaw Capital Management LLC's portfolio, making the stock its 10th largest position. Chickasaw Capital Management LLC owned 0.17% of Williams Companies worth $110,211,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies during the 3rd quarter worth about $30,000. Rosenberg Matthew Hamilton lifted its position in shares of 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 buying an additional 252 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies in the 2nd quarter valued at $34,000. Quarry LP purchased a new position in shares of Williams Companies in the 2nd quarter valued at $35,000. Finally, FSA Wealth Management LLC acquired a new stake in Williams Companies during the 3rd quarter worth $38,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Shares of WMB traded down $0.26 during mid-day trading on Tuesday, reaching $55.55. 5,256,935 shares of the company's stock were exchanged, compared to its average volume of 5,910,108. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company 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 50-day simple moving average of $55.46 and a two-hundred day simple moving average of $48.88.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.45 earnings per share. Williams Companies's revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies's dividend payout ratio (DPR) is presently 80.17%.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WMB shares. Mizuho upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. Morgan Stanley upgraded Williams Companies from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They issued a "buy" rating and a $55.00 price objective for the company. Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, 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 note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.07.

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.