The Williams Companies, Inc. (NYSE:WMB) Shares Sold by NewEdge Advisors LLC

by · The Cerbat Gem

NewEdge Advisors LLC reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,737 shares of the pipeline company’s stock after selling 6,410 shares during the period. NewEdge Advisors LLC’s holdings in Williams Companies were worth $12,758,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in Williams Companies by 3.4% in the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock valued at $149,326,000 after buying an additional 108,675 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Williams Companies in the 3rd quarter valued at about $545,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Williams Companies during the 3rd quarter worth about $1,346,000. Tidal Investments LLC lifted its stake in Williams Companies by 0.5% during the third quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after purchasing an additional 207 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in Williams Companies by 48.8% in the third quarter. Synovus Financial Corp now owns 19,533 shares of the pipeline company’s stock valued at $892,000 after purchasing an additional 6,409 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $58.49 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The firm has a 50-day simple moving average of $57.37 and a 200 day simple moving average of $55.72. The Williams Companies, Inc. has a fifty-two week low of $37.27 and a fifty-two week high of $61.67. The company has a market cap of $71.32 billion, a PE ratio of 31.96, a P/E/G ratio of 5.01 and a beta of 0.87.

Williams Companies (NYSE:WMB – Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid 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 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Friday, March 14th. Williams Companies’s payout ratio is currently 109.29%.

Analysts Set New Price Targets

A number of research analysts recently commented on WMB shares. Scotiabank increased their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research report on Thursday, March 6th. Barclays raised their price objective on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada raised their price target on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Finally, Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.07.

View Our Latest Stock Report on WMB

Insider Buying and Selling

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now directly owns 22,339 shares in the company, valued at approximately $1,284,492.50. The trade was a 28.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares in the company, valued at $37,907,316.72. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock valued at $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by company insiders.

About Williams Companies

(Free Report)

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.

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