Cozad Asset Management Inc. Has $2.04 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cozad Asset Management Inc. cut its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 28.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,775 shares of the pipeline company's stock after selling 17,433 shares during the quarter. Cozad Asset Management Inc.'s holdings in Williams Companies were worth $2,044,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SouthState Corp acquired a new position in Williams Companies during the 2nd quarter valued at about $31,000. Rosenberg Matthew Hamilton lifted its holdings in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock valued at $34,000 after buying an additional 252 shares during the period. GHP Investment Advisors Inc. bought a new position in Williams Companies in the second quarter valued at approximately $34,000. Quarry LP acquired a new stake in Williams Companies during the 2nd quarter worth $35,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company's stock valued at $45,000 after purchasing an additional 545 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Up 2.3 %

Shares of Williams Companies stock traded up $1.25 on Friday, reaching $56.69. 2,597,212 shares of the company were exchanged, compared to its average volume of 6,234,218. The company has a market capitalization of $69.09 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 6.19 and a beta of 1.03. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $56.69. The company has a 50-day moving average of $48.40 and a 200 day moving average of $44.14.

Williams Companies (NYSE:WMB - Get Free Report) last announced 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 during 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 15.90%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. On average, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.35%. Williams Companies's payout ratio is 80.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WMB shares. Mizuho upped their price objective on Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a report on Monday. CIBC upped 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. UBS Group lifted their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Seaport Res Ptn downgraded shares of Williams Companies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 30th. Finally, Barclays raised their price target on Williams Companies from $42.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Williams Companies currently has a consensus rating of "Hold" and an average price target of $50.38.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares of the company's stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

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.