Horan Capital Advisors LLC. Sells 2,765 Shares of The Williams Companies, Inc. (NYSE:WMB)

Horan Capital Advisors LLC. lessened its position in The Williams Companies, Inc. (NYSE:WMB) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 141,950 shares of the pipeline company’s stock after selling 2,765 shares during the period. Williams Companies accounts for approximately 1.8% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 12th biggest holding. Horan Capital Advisors LLC.’s holdings in Williams Companies were worth $4,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after buying an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Williams Companies by 45.3% in the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after acquiring an additional 2,040,993 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Williams Companies by 55.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock worth $165,106,000 after acquiring an additional 1,740,677 shares in the last quarter. Jennison Associates LLC raised its position in shares of Williams Companies by 69.2% during the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock worth $143,003,000 after purchasing an additional 1,679,452 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Williams Companies by 292.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,712,038 shares of the pipeline company’s stock valued at $57,679,000 after purchasing an additional 1,275,872 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Up 0.3 %

WMB stock traded up $0.13 during midday trading on Friday, hitting $38.67. The company’s stock had a trading volume of 4,413,462 shares, compared to its average volume of 6,956,919. The company’s fifty day moving average price is $37.77 and its 200 day moving average price is $35.98. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The stock has a market capitalization of $47.12 billion, a P/E ratio of 14.76, a PEG ratio of 5.95 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period in the prior year, the company earned $0.53 EPS. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.82 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio is currently 72.52%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMB. UBS Group increased their target price on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Wolfe Research reissued an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. Barclays boosted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday. Finally, Truist Financial lifted their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.22.

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.