Legacy Capital Wealth Partners LLC Sells 8,290 Shares of The Williams Companies, Inc. (NYSE:WMB)

Legacy Capital Wealth Partners LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,614 shares of the pipeline company’s stock after selling 8,290 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Williams Companies were worth $899,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WMB. Quent Capital LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $25,000. AlphaMark Advisors LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in Williams Companies during the third quarter valued at about $30,000. Financial Life Planners bought a new position in Williams Companies during the fourth quarter valued at about $30,000. Finally, SOA Wealth Advisors LLC. bought a new position in Williams Companies during the fourth quarter valued at about $32,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Down 0.8 %

Shares of WMB opened at $57.00 on Friday. The company has a market capitalization of $69.48 billion, a P/E ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04. 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 one year low of $33.03 and a one year high of $61.46. The business’s 50 day simple moving average is $55.85 and its 200-day simple moving average is $51.65.

Williams Companies (NYSE:WMB) last announced 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 return on equity of 15.89% and a net margin of 27.36%. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.50 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is presently 80.17%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMB shares. The Goldman Sachs Group boosted their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Scotiabank restated a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research note on Friday, January 10th. Barclays boosted their price target 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. CIBC boosted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Mizuho boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. 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 stock. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average target price of $53.29.

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.