West Michigan Advisors LLC Has $471,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

West Michigan Advisors LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 21.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,705 shares of the pipeline company’s stock after selling 2,375 shares during the period. West Michigan Advisors LLC’s holdings in Williams Companies were worth $471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Williamson Legacy Group LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $258,000. SVB Wealth LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $1,186,000. Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of Williams Companies in the 4th quarter valued at $266,000. Pettyjohn Wood & White Inc. acquired a new position in shares of Williams Companies in the 4th quarter valued at $206,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Williams Companies by 6.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,174 shares of the pipeline company’s stock valued at $226,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 3.5 %

Shares of NYSE:WMB opened at $58.25 on Friday. The company’s 50-day moving average price is $56.53 and its two-hundred day moving average price is $52.66. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a one year low of $35.38 and a one year high of $61.46. The stock has a market capitalization of $71.00 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly 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%. On average, equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company 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 represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 109.29%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Mizuho boosted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted 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. Finally, UBS Group boosted their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One 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 currently has a consensus rating of “Hold” and a consensus target price of $54.21.

Insider Activity

In other news, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is owned by 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.