Axxcess Wealth Management LLC Sells 14,230 Shares of The Williams Companies, Inc. (NYSE:WMB)

Axxcess Wealth Management LLC lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,462 shares of the pipeline company’s stock after selling 14,230 shares during the period. Axxcess Wealth Management LLC’s holdings in Williams Companies were worth $2,623,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Quent Capital LLC bought a new position in Williams Companies in the fourth quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new position in shares of Williams Companies in the 4th quarter worth about $25,000. AlphaMark Advisors LLC bought a new position in shares of Williams Companies during the 4th quarter valued at about $27,000. Compass Planning Associates Inc purchased a new position in shares of Williams Companies during the 4th quarter valued at about $30,000. Finally, Financial Life Planners bought a new stake in Williams Companies in the 4th quarter worth approximately $30,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. CIBC lifted their target price on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. Truist Financial raised their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Barclays boosted their target price on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Royal Bank of Canada raised 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus price target of $55.07.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at approximately $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $58.38 on Wednesday. The firm has a market capitalization of $71.19 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 5.01 and a beta of 1.03. The stock has a fifty day moving average of $56.89 and a 200 day moving average of $53.75. The Williams Companies, Inc. has a 52 week low of $37.16 and a 52 week high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. Williams Companies’s dividend payout ratio is 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.