The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. cut its position in The Williams Companies, Inc. (NYSE:WMB) by 24.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,466 shares of the pipeline company’s stock after selling 3,729 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in Williams Companies were worth $621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its position in Williams Companies by 5.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 115,450 shares of the pipeline company’s stock worth $4,907,000 after acquiring an additional 6,413 shares during the period. Blair William & Co. IL lifted its holdings in shares of Williams Companies by 26.3% in the 2nd quarter. Blair William & Co. IL now owns 47,669 shares of the pipeline company’s stock valued at $2,026,000 after buying an additional 9,918 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Williams Companies by 47.8% in the 2nd quarter. Intech Investment Management LLC now owns 35,960 shares of the pipeline company’s stock valued at $1,528,000 after buying an additional 11,627 shares during the period. Ieq Capital LLC lifted its holdings in shares of Williams Companies by 12.0% in the 2nd quarter. Ieq Capital LLC now owns 51,477 shares of the pipeline company’s stock valued at $2,188,000 after buying an additional 5,499 shares during the period. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Williams Companies in the 2nd quarter valued at approximately $1,248,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial raised their price objective on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Mizuho raised their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. UBS Group raised their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. 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 report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.00.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s 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 owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $59.22 on Friday. The company has a market cap of $72.19 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.36 and a beta of 1.06. 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 52 week low of $32.65 and a 52 week high of $60.36. The business has a fifty day simple moving average of $56.13 and a 200-day simple moving average of $49.71.

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, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.

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.