Procyon Advisors LLC Sells 5,004 Shares of The Williams Companies, Inc. (NYSE:WMB)

Procyon Advisors LLC cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,889 shares of the pipeline company’s stock after selling 5,004 shares during the quarter. Procyon Advisors LLC’s holdings in Williams Companies were worth $5,607,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WMB. Western Pacific Wealth Management LP acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Williams Companies during the 1st quarter worth approximately $27,000. Fairman Group LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $31,000. Finally, CGC Financial Services LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth approximately $35,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WMB. Royal Bank of Canada boosted their price target on shares of Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. CIBC boosted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. US Capital Advisors downgraded shares of 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 set a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. Finally, Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.42.

Williams Companies Price Performance

Shares of Williams Companies stock traded down $0.05 during trading on Thursday, reaching $42.24. 4,534,607 shares of the company’s stock were exchanged, compared to its average volume of 6,710,591. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The Williams Companies, Inc. has a 1-year low of $31.45 and a 1-year high of $43.22. The company has a market cap of $51.48 billion, a P/E ratio of 17.77, a PEG ratio of 6.73 and a beta of 1.05. The firm’s 50-day moving average price is $40.43 and its 200 day moving average price is $37.47.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Insider Activity

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now directly owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.44% of the company’s stock.

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.