Insigneo Advisory Services LLC Trims Stake in The Williams Companies, Inc. (NYSE:WMB)

Insigneo Advisory Services LLC lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 36.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,252 shares of the pipeline company’s stock after selling 4,182 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Williams Companies were worth $392,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new stake in shares of Williams Companies in the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in shares of Williams Companies in the fourth quarter worth approximately $25,000. AlphaMark Advisors LLC purchased a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Sandy Spring Bank bought a new stake in Williams Companies during the fourth quarter valued at approximately $27,000. Finally, Hoey Investments Inc. purchased a new stake in shares of Williams Companies during the 4th quarter valued at $28,000. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Scotiabank upped their target price on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. Morgan Stanley lifted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. CIBC upped their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Finally, Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.07.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

Shares of WMB stock opened at $58.49 on Friday. The company’s fifty day moving average price is $57.37 and its 200-day moving average price is $55.72. The stock has a market cap of $71.32 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $37.27 and a 12 month high of $61.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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 expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, March 14th. Williams Companies’s dividend payout ratio is currently 109.29%.

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.