The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 35.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,729 shares of the pipeline company’s stock after selling 53,488 shares during the period. Procyon Advisors LLC’s holdings in Williams Companies were worth $5,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its holdings in Williams Companies by 2.6% during 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 during the period. Laurel Wealth Advisors LLC grew its stake in shares of Williams Companies by 10.1% during the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 200 shares during the period. Dearborn Partners LLC increased its holdings in shares of Williams Companies by 1.1% in 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. Tidal Investments LLC lifted its stake in shares of Williams Companies by 0.5% in the third quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock valued at $1,895,000 after purchasing an additional 207 shares during the period. Finally, Pinnacle Family Advisors LLC increased its holdings in Williams Companies by 3.3% in the third quarter. Pinnacle Family Advisors LLC now owns 6,510 shares of the pipeline company’s stock valued at $297,000 after buying an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $59.13 on Friday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm has a market cap of $72.08 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 5.36 and a beta of 1.06. The stock has a 50 day moving average of $56.00 and a 200-day moving average of $49.52.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Analysts Set New Price Targets

WMB has been the topic of a number of research reports. Truist Financial increased their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Scotiabank reiterated a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. Finally, Royal Bank of Canada raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $53.00.

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.