The Williams Companies, Inc. (NYSE:WMB) Position Lessened by Transform Wealth LLC

Transform Wealth LLC lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 53,132 shares of the pipeline company’s stock after selling 2,838 shares during the quarter. Transform Wealth LLC’s holdings in Williams Companies were worth $2,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in WMB. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the third quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its position in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the last quarter. Quarry LP acquired a new position in Williams Companies during the 2nd quarter valued at about $35,000. FSA Wealth Management LLC bought a new position in Williams Companies in the 3rd quarter worth about $38,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $42,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

Shares of WMB opened at $59.22 on Tuesday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36. The company has a 50-day moving average of $56.18 and a two-hundred day moving average of $49.92. 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 stock has a market cap of $72.19 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 5.30 and a beta of 1.06.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%. Williams Companies’s dividend payout ratio is currently 80.17%.

Analyst Ratings Changes

WMB has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. 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 research note on Wednesday, October 16th. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $58.00 in a research note on Friday, October 4th. UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Truist Financial raised their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.00.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.