The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC reduced its holdings in The Williams Companies, Inc. (NYSE:WMB) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,842 shares of the pipeline company’s stock after selling 5,753 shares during the period. Marcum Wealth LLC’s holdings in Williams Companies were worth $1,020,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in Williams Companies during the 3rd quarter worth about $30,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies in the second quarter worth about $34,000. Rosenberg Matthew Hamilton grew its holdings in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the period. Quarry LP purchased a new position in Williams Companies during the second quarter valued at approximately $35,000. Finally, FSA Wealth Management LLC acquired a new position in Williams Companies in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

WMB opened at $56.01 on Tuesday. The firm has a market capitalization of $68.28 billion, a PE ratio of 23.63, a PEG ratio of 5.60 and a beta of 1.06. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The firm’s 50-day moving average price is $55.85 and its 200 day moving average price is $49.35.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WMB shares. The Goldman Sachs Group lifted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Truist Financial lifted their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Citigroup lifted their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Barclays increased their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.00.

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.