The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,705 shares of the pipeline company’s stock after selling 557 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Williams Companies were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Albion Financial Group UT lifted its holdings in shares of Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after buying an additional 184 shares during the period. Brooklyn Investment Group raised its position in Williams Companies by 2.6% in the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after acquiring an additional 197 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Williams Companies by 10.1% in the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock valued at $118,000 after acquiring an additional 200 shares during the last quarter. Dearborn Partners LLC boosted its position in shares of Williams Companies by 1.1% during the 3rd quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after purchasing an additional 201 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Williams Companies by 0.5% in the 3rd quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after purchasing an additional 207 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays increased their target price on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Truist Financial lifted their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.00.

Williams Companies Trading Up 1.2 %

Williams Companies stock opened at $55.19 on Wednesday. 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 12 month low of $32.65 and a 12 month high of $61.46. The company’s fifty day simple moving average is $56.40 and its 200-day simple moving average is $50.49. The stock has a market cap of $67.28 billion, a P/E ratio of 23.29, a P/E/G ratio of 5.31 and a beta of 1.06.

Williams Companies (NYSE:WMB) last issued its 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $0.45 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

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.