The Williams Companies, Inc. (NYSE:WMB) Position Cut by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,369 shares of the pipeline company’s stock after selling 880 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Williams Companies were worth $1,102,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in Williams Companies during the third quarter worth about $30,000. Rosenberg Matthew Hamilton grew its holdings in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. Quarry LP acquired a new position in Williams Companies during the second quarter worth about $35,000. Finally, FSA Wealth Management LLC acquired a new position in Williams Companies during the third quarter worth about $38,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Up 1.2 %

Shares of Williams Companies stock opened at $55.19 on Wednesday. The firm has a market cap of $67.28 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 5.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $61.46. The stock has a 50-day simple moving average of $56.40 and a 200-day simple moving average of $50.49.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Scotiabank reiterated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Finally, Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.00.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.44% of the stock is owned by company insiders.

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.