BlackDiamond Wealth Management LLC Sells 1,623 Shares of The Williams Companies, Inc. (NYSE:WMB)

BlackDiamond Wealth Management LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,011 shares of the pipeline company’s stock after selling 1,623 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Williams Companies were worth $704,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its position in shares of Williams Companies by 64.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 21,043 shares of the pipeline company’s stock worth $961,000 after purchasing an additional 8,257 shares during the last quarter. Coastline Trust Co acquired a new position in shares of Williams Companies during the 3rd quarter worth about $46,000. Natixis Advisors LLC lifted its position in shares of Williams Companies by 10.1% during the 3rd quarter. Natixis Advisors LLC now owns 844,464 shares of the pipeline company’s stock worth $38,550,000 after purchasing an additional 77,253 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Williams Companies by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 267,416 shares of the pipeline company’s stock worth $12,208,000 after purchasing an additional 3,796 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Williams Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after purchasing an additional 9,800 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WMB shares. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Barclays boosted their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Scotiabank upped their price target on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada upped their price target on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $55.07.

Williams Companies Trading Up 2.0 %

Shares of WMB opened at $58.42 on Tuesday. The Williams Companies, Inc. has a 1 year low of $36.84 and a 1 year high of $61.46. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The stock has a 50 day simple moving average of $56.83 and a 200-day simple moving average of $53.66. The stock has a market cap of $71.23 billion, a PE ratio of 31.92, a PEG ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, sell-side analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. Williams Companies’s dividend payout ratio is 109.29%.

Insider Buying and Selling

In related news, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at $37,907,316.72. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares in the company, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. 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.