Avidian Wealth Enterprises LLC Decreases Holdings in The Williams Companies, Inc. (NYSE:WMB)

Avidian Wealth Enterprises LLC cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,808 shares of the pipeline company’s stock after selling 587 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Williams Companies were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WMB. Quent Capital LLC purchased a new stake in Williams Companies during the 4th quarter valued at $25,000. AlphaMark Advisors LLC purchased a new stake in Williams Companies during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in Williams Companies during the 3rd quarter valued at $30,000. Financial Life Planners purchased a new stake in Williams Companies during the 4th quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Williams Companies during the 4th quarter valued at $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Trading Down 0.7 %

Shares of Williams Companies stock opened at $54.83 on Thursday. The company has a fifty day moving average of $55.87 and a 200 day moving average of $51.49. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The company has a market capitalization of $66.84 billion, a P/E ratio of 23.14, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 80.17%.

Analyst Ratings Changes

Several equities research analysts have recently commented on WMB shares. The Goldman Sachs Group upped their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. CIBC upped 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. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Scotiabank restated a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. Finally, Royal Bank of Canada upped their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.00.

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.