Kingsview Wealth Management LLC Trims Position in The Williams Companies, Inc. (NYSE:WMB)

Kingsview Wealth Management LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 100,859 shares of the pipeline company’s stock after selling 273 shares during the period. Kingsview Wealth Management LLC’s holdings in Williams Companies were worth $5,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC lifted its position in Williams Companies by 2.2% during the 4th quarter. Apollon Wealth Management LLC now owns 32,817 shares of the pipeline company’s stock worth $1,776,000 after acquiring an additional 697 shares during the period. Sprinkle Financial Consultants LLC raised its stake in shares of Williams Companies by 3.8% during the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after purchasing an additional 185 shares during the last quarter. Conning Inc. raised its stake in shares of Williams Companies by 5.0% during the fourth quarter. Conning Inc. now owns 27,994 shares of the pipeline company’s stock worth $1,515,000 after purchasing an additional 1,328 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in shares of Williams Companies during the fourth quarter worth $32,000. Finally, Platform Technology Partners grew its position in Williams Companies by 0.6% in the 4th quarter. Platform Technology Partners now owns 42,494 shares of the pipeline company’s stock valued at $2,300,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on WMB shares. Truist Financial raised their target price on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays increased their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Finally, UBS Group lifted their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.00.

Williams Companies Trading Down 0.1 %

NYSE:WMB opened at $55.93 on Friday. 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 stock has a fifty day simple moving average of $55.91 and a 200-day simple moving average of $51.19. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $61.46. The company has a market capitalization of $68.18 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04.

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. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business 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 represents a $2.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 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.