FSB Premier Wealth Management Inc. Sells 350 Shares of The Williams Companies, Inc. (NYSE:WMB)

FSB Premier Wealth Management Inc. cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,683 shares of the pipeline company’s stock after selling 350 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Williams Companies were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMB. Vanguard Group Inc. raised its holdings in Williams Companies by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company’s stock worth $7,054,876,000 after purchasing an additional 1,008,213 shares during the period. Wellington Management Group LLP increased its position in Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Williams Companies by 1.7% in the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after buying an additional 520,663 shares during the period. Norges Bank purchased a new position in shares of Williams Companies during the 4th quarter valued at about $575,103,000. Finally, Amundi grew its stake in shares of Williams Companies by 28.8% during the 4th quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock valued at $495,215,000 after acquiring an additional 1,964,421 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley raised their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their target price on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. CIBC raised their price target on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Finally, Scotiabank upped their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $56.07.

Insider Buying and Selling at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. This represents a 11.92 % 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 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 1.0 %

NYSE WMB opened at $59.77 on Tuesday. The stock has a 50 day moving average price of $57.31 and a 200-day moving average price of $54.70. The Williams Companies, Inc. has a one year low of $37.18 and a one year high of $61.67. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The company has a market capitalization of $72.88 billion, a P/E ratio of 32.66, a P/E/G ratio of 5.01 and a beta of 1.03.

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 21.17% and a return on equity of 15.85%. As a group, equities analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.35%. The ex-dividend date was Friday, March 14th. Williams Companies’s payout ratio is presently 109.29%.

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.