The Williams Companies, Inc. (NYSE:WMB) Shares Sold by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. cut its stake in The Williams Companies, Inc. (NYSE:WMB) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,500 shares of the pipeline company’s stock after selling 587 shares during the period. 1620 Investment Advisors Inc.’s holdings in Williams Companies were worth $785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in Williams Companies in the fourth quarter worth $720,000. Foundations Investment Advisors LLC grew its stake in shares of Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after purchasing an additional 19,782 shares in the last quarter. Golden State Equity Partners grew its stake in shares of Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after purchasing an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after purchasing an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP bought a new position in shares of Williams Companies in the fourth quarter worth $995,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMB. Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Barclays raised 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. Citigroup raised their target price on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada raised their target price on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Finally, CIBC raised their target price on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.07.

Williams Companies Stock Up 0.7 %

WMB opened at $59.74 on Friday. The business has a 50-day moving average of $57.02 and a 200-day moving average of $53.83. 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 fifty-two week low of $37.18 and a fifty-two week high of $61.46. The company has a market capitalization of $72.84 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Equities research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.35%. 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. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were 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 $37,907,316.72. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company’s stock.

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.