My Legacy Advisors LLC Cuts Stock Position in The Williams Companies, Inc. (NYSE:WMB)

My Legacy Advisors LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,712 shares of the pipeline company’s stock after selling 506 shares during the period. My Legacy Advisors LLC’s holdings in Williams Companies were worth $1,434,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WMB. Brooklyn Investment Group raised its holdings in Williams Companies by 2.6% in the 3rd 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 last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Williams Companies by 10.1% in the fourth 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 last quarter. Dearborn Partners LLC lifted its holdings in shares of Williams Companies by 1.1% during the third 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 boosted its position in shares of Williams Companies by 0.5% during the third quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock valued at $1,895,000 after buying an additional 207 shares during the last quarter. Finally, Pinnacle Family Advisors LLC increased its holdings in Williams Companies by 3.3% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 6,510 shares of the pipeline company’s stock worth $297,000 after buying an additional 211 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. CIBC boosted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America initiated coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Citigroup upped their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Price Performance

NYSE WMB opened at $59.22 on Friday. 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 Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The stock has a market cap of $72.19 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 5.36 and a beta of 1.06. The company’s 50 day moving average is $56.13 and its two-hundred day moving average is $49.71.

Williams Companies (NYSE:WMB) last released 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. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

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

Williams Companies Company 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.