The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC reduced its position in The Williams Companies, Inc. (NYSE:WMB) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in WMB. Burney Co. grew its position in shares of Williams Companies by 3.0% in the first quarter. Burney Co. now owns 50,083 shares of the pipeline company’s stock valued at $1,952,000 after purchasing an additional 1,437 shares during the period. Cetera Investment Advisers lifted its stake in Williams Companies by 180.6% in the 1st quarter. Cetera Investment Advisers now owns 638,120 shares of the pipeline company’s stock valued at $24,868,000 after buying an additional 410,705 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Williams Companies by 189.4% in the 1st 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 last quarter. NBW Capital LLC increased its stake in Williams Companies by 3.4% during the 1st 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 in the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Williams Companies by 56.3% during the first quarter. Abich Financial Wealth Management LLC now owns 3,446 shares of the pipeline company’s stock valued at $134,000 after acquiring an additional 1,241 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WMB has been the subject of several analyst reports. CIBC upped their target price on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Finally, Bank of America assumed coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.79.

Williams Companies Stock Performance

NYSE:WMB opened at $58.14 on Friday. The firm’s fifty day moving average price is $52.38 and its 200 day moving average price is $46.17. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year 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 firm has a market cap of $70.87 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 5.96 and a beta of 1.03.

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

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.27%. Williams Companies’s payout ratio is currently 80.17%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction 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. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies 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 transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

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.