The Williams Companies, Inc. (NYSE:WMB) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,974 shares of the pipeline company’s stock after selling 435 shares during the period. GM Advisory Group LLC’s holdings in Williams Companies were worth $973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC acquired a new stake in Williams Companies during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in Williams Companies during the fourth quarter worth about $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the third quarter worth about $30,000. Finally, Financial Life Planners acquired a new stake in Williams Companies during the fourth quarter worth about $30,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on WMB. Citigroup raised their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price target on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Barclays lifted their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. CIBC lifted their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Finally, Truist Financial lifted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average target price of $55.07.

Williams Companies Trading Down 0.0 %

NYSE WMB opened at $58.38 on Wednesday. The Williams Companies, Inc. has a one year low of $37.16 and a one year high of $61.46. The firm has a 50 day simple moving average of $56.89 and a 200-day simple moving average of $53.75. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The firm has a market cap of $71.19 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Equities research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.43%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is currently 109.29%.

Insider Buying and Selling

In other news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the sale, the senior vice president now owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 over the last 90 days. 0.44% of the stock is owned by 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.