Eagle Global Advisors LLC Sells 123,038 Shares of The Williams Companies, Inc. (NYSE:WMB)

Eagle Global Advisors LLC decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 701,309 shares of the pipeline company’s stock after selling 123,038 shares during the quarter. Williams Companies accounts for approximately 1.6% of Eagle Global Advisors LLC’s holdings, making the stock its 17th biggest position. Eagle Global Advisors LLC’s holdings in Williams Companies were worth $37,955,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Quent Capital LLC bought a new stake in Williams Companies in the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new position in Williams Companies in the fourth quarter worth about $25,000. AlphaMark Advisors LLC purchased a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. Sandy Spring Bank bought a new position in shares of Williams Companies in the 4th quarter worth approximately $27,000. Finally, Hoey Investments Inc. purchased a new position in shares of Williams Companies in the fourth quarter worth approximately $28,000. 86.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the transaction, the chief accounting officer now directly owns 22,339 shares in the company, valued at $1,284,492.50. This represents a 28.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock worth $7,563,278 in the last three months. Corporate insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WMB shares. Truist Financial lifted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Morgan Stanley boosted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. 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 report on Tuesday, March 4th. Finally, Scotiabank increased their price objective on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.77.

Williams Companies Stock Down 2.5 %

Shares of NYSE:WMB opened at $58.65 on Wednesday. The company has a market cap of $71.52 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a 12 month low of $38.76 and a 12 month high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average price of $57.89 and a 200 day moving average price of $56.58.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. As a group, equities research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.41%. Williams Companies’s dividend payout ratio is currently 109.29%.

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.