Sequoia Financial Advisors LLC Has $2.21 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Sequoia Financial Advisors LLC boosted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,891 shares of the pipeline company’s stock after buying an additional 4,432 shares during the period. Sequoia Financial Advisors LLC’s holdings in Williams Companies were worth $2,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of WMB. Quent Capital LLC acquired a new position in Williams Companies during the fourth quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $25,000. AlphaMark Advisors LLC purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter valued at about $30,000. Finally, Financial Life Planners purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $57.33 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $69.91 billion, a PE ratio of 31.33, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a twelve month low of $36.69 and a twelve month high of $61.46. The company has a 50-day moving average price of $56.78 and a two-hundred day moving average price of $53.46.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. 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 dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

Insider Activity

In other news, SVP Larry C. Larsen sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the transaction, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada increased their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Scotiabank increased their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a report on Thursday, March 6th. Citigroup increased their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Barclays raised their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.07.

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.