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

TrueWealth Advisors LLC lessened its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,034 shares of the pipeline company’s stock after selling 6,209 shares during the quarter. TrueWealth Advisors LLC’s holdings in Williams Companies were worth $1,355,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in Williams Companies during the fourth quarter worth about $720,000. Brendel Financial Advisors LLC increased its holdings in shares of Williams Companies by 0.8% in the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after purchasing an additional 419 shares during the last quarter. World Investment Advisors LLC purchased a new position in Williams Companies during the third quarter worth approximately $545,000. Swiss National Bank grew its holdings in Williams Companies by 0.3% in the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock valued at $165,130,000 after buying an additional 9,800 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of Williams Companies by 1,855.7% during the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after acquiring an additional 39,880 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling

In other news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction on Friday, November 8th. The shares were 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. The trade was a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial lifted their target price on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Citigroup upped their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. UBS Group lifted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho increased their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Royal Bank of Canada lifted their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. 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 company’s stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average target price of $53.00.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $59.22 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The firm’s 50 day moving average is $56.08 and its two-hundred day moving average is $49.59. The firm has a market capitalization of $72.19 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.36 and a beta of 1.06.

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

Williams Companies Dividend Announcement

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

Williams Companies Company 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.