Focus Partners Wealth Sells 7,588 Shares of The Williams Companies, Inc. (NYSE:WMB)

Focus Partners Wealth trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 656,075 shares of the pipeline company’s stock after selling 7,588 shares during the quarter. Focus Partners Wealth’s holdings in Williams Companies were worth $35,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WMB. Quent Capital LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth about $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the 4th quarter valued at about $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies during the fourth quarter worth approximately $27,000. Sandy Spring Bank bought a new stake in shares of Williams Companies during the fourth quarter worth approximately $27,000. Finally, Hoey Investments Inc. acquired a new position in shares of Williams Companies in the fourth quarter valued at approximately $28,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMB. Truist Financial lifted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada lifted their target price on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their price target on shares of Williams Companies from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup raised their price target 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. Finally, Barclays boosted their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.50.

Williams Companies Stock Up 1.1 %

NYSE WMB opened at $57.67 on Friday. The business has a fifty day moving average price of $57.91 and a two-hundred day moving average price of $56.70. The stock has a market capitalization of $70.32 billion, a PE ratio of 31.51, a PEG ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

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

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is presently 106.95%.

Insider Buying and Selling

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 approximately $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. 0.44% of the stock is 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.