Icon Wealth Advisors LLC Sells 830 Shares of The Williams Companies, Inc. (NYSE:WMB)

Icon Wealth Advisors LLC trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,672 shares of the pipeline company’s stock after selling 830 shares during the period. Icon Wealth Advisors LLC’s holdings in Williams Companies were worth $5,143,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Burney Co. raised its position in Williams Companies by 3.0% in the 1st quarter. Burney Co. now owns 50,083 shares of the pipeline company’s stock worth $1,952,000 after purchasing an additional 1,437 shares during the period. Cetera Investment Advisers raised its holdings in shares of Williams Companies by 180.6% in the first quarter. Cetera Investment Advisers now owns 638,120 shares of the pipeline company’s stock worth $24,868,000 after buying an additional 410,705 shares during the period. Cetera Advisors LLC raised its holdings in shares of Williams Companies by 189.4% in the first quarter. Cetera Advisors LLC now owns 199,351 shares of the pipeline company’s stock worth $7,769,000 after buying an additional 130,477 shares during the period. NBW Capital LLC raised its holdings in shares of Williams Companies by 3.4% in the first quarter. NBW Capital LLC now owns 270,546 shares of the pipeline company’s stock worth $10,543,000 after buying an additional 8,775 shares during the period. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Williams Companies by 56.3% in the first quarter. Abich Financial Wealth Management LLC now owns 3,446 shares of the pipeline company’s stock worth $134,000 after buying an additional 1,241 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMB has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC increased their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Scotiabank increased their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.79.

Williams Companies Stock Down 0.4 %

Shares of NYSE WMB opened at $58.14 on Friday. 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 stock has a market capitalization of $70.87 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 5.96 and a beta of 1.03. The stock’s fifty day simple moving average is $52.38 and its two-hundred day simple moving average is $46.17. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36.

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

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.27%. Williams Companies’s payout ratio is 80.17%.

Insider Transactions at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

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.