180 Wealth Advisors LLC Cuts Position in The Williams Companies, Inc. (NYSE:WMB)

180 Wealth Advisors LLC decreased its stake in The Williams Companies, Inc. (NYSE:WMB) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 8,080 shares of the pipeline company’s stock after selling 570 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Williams Companies were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies during the 3rd quarter worth approximately $30,000. Rosenberg Matthew Hamilton boosted its position 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 purchasing an additional 252 shares in the last quarter. Quarry LP acquired a new stake in Williams Companies in the second quarter valued at $35,000. FSA Wealth Management LLC purchased a new position in shares of Williams Companies in the third quarter valued at $38,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Williams Companies during the 2nd quarter worth $42,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMB. Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Truist Financial lifted their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Scotiabank reissued a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Finally, Bank of America began coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Stock Up 3.5 %

WMB opened at $57.97 on Wednesday. The stock has a market capitalization of $70.67 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 5.60 and a beta of 1.06. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The business has a 50-day moving average of $55.95 and a two-hundred day moving average of $49.46.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.44% of the stock is owned by 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.