CarsonAllaria Wealth Management Ltd. Decreases Holdings in The Williams Companies, Inc. (NYSE:WMB)

CarsonAllaria Wealth Management Ltd. lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,305 shares of the pipeline company’s stock after selling 468 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Williams Companies were worth $324,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in Williams Companies during the 4th quarter valued at $26,000. CGC Financial Services LLC purchased a new position in Williams Companies in the 4th quarter worth about $35,000. OFI Invest Asset Management purchased a new stake in Williams Companies in the 3rd quarter valued at about $41,000. CVA Family Office LLC bought a new position in Williams Companies in the 4th quarter worth about $52,000. Finally, JNBA Financial Advisors increased its position in shares of Williams Companies by 37.3% during the third quarter. JNBA Financial Advisors now owns 1,730 shares of the pipeline company’s stock worth $58,000 after acquiring an additional 470 shares during the period. 86.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial raised their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Stifel Nicolaus lifted their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Wells Fargo & Company upped their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.42.

Williams Companies Stock Performance

Shares of NYSE WMB traded up $0.47 during midday trading on Thursday, reaching $40.94. The company had a trading volume of 7,361,983 shares, compared to its average volume of 6,930,088. The business’s 50-day simple moving average is $38.45 and its 200 day simple moving average is $36.27. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $41.12. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock has a market cap of $49.90 billion, a P/E ratio of 17.00, a P/E/G ratio of 6.13 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, analysts forecast that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm 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 $0.475 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.64%. Williams Companies’s payout ratio is currently 79.83%.

Insider Buying and Selling

In other news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.44% of the stock is currently owned by corporate insiders.

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.