The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,685 shares of the pipeline company’s stock after selling 2,794 shares during the period. Level Four Advisory Services LLC’s holdings in Williams Companies were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in WMB. Quent Capital LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies in the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC purchased a new stake in Williams Companies in the 4th quarter worth approximately $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $27,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies during the 3rd quarter valued at approximately $30,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction 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 in the company, valued at $1,284,492.50. The trade was a 28.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the transaction, the chief operating officer now owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock valued at $7,563,278 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 0.3 %

WMB opened at $59.24 on Friday. The firm has a market capitalization of $72.24 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The company’s 50 day simple moving average is $57.30 and its two-hundred day simple moving average is $54.53. The Williams Companies, Inc. has a 1-year low of $37.18 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

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

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMB. Truist Financial increased their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Morgan Stanley raised their target price on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. CIBC lifted their price target on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Barclays increased their price target on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Finally, Royal Bank of Canada boosted their price objective on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report 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 given a buy rating to the company. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $56.07.

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.