Icon Wealth Advisors LLC Sells 110,696 Shares of The Williams Companies, Inc. (NYSE:WMB)

Icon Wealth Advisors LLC reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 97.5% during the third quarter, Holdings Channel.com reports. The fund owned 2,806 shares of the pipeline company’s stock after selling 110,696 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Williams Companies were worth $128,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. increased its position in shares of Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after purchasing an additional 144,713 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after purchasing an additional 311,530 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after purchasing an additional 618,056 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Williams Companies by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after purchasing an additional 67,016 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock valued at $259,985,000 after purchasing an additional 1,024,158 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Activity

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

Williams Companies Trading Down 0.2 %

NYSE WMB opened at $59.65 on Monday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $60.36. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a 50 day simple moving average of $51.35 and a two-hundred day simple moving average of $45.73. The stock has a market cap of $72.71 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 6.14 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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 business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is presently 80.17%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Scotiabank increased their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Truist Financial increased their target price on Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Finally, UBS Group increased their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.54.

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.