MinichMacGregor Wealth Management LLC Lowers Holdings in The Williams Companies, Inc. (NYSE:WMB)

MinichMacGregor Wealth Management LLC reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,912 shares of the pipeline company’s stock after selling 578 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Williams Companies were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Magnus Financial Group LLC increased its stake in Williams Companies by 29.7% during the 4th quarter. Magnus Financial Group LLC now owns 21,878 shares of the pipeline company’s stock valued at $1,184,000 after purchasing an additional 5,015 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after buying an additional 184 shares during the last quarter. XML Financial LLC increased its position in shares of Williams Companies by 7.5% during the fourth quarter. XML Financial LLC now owns 7,363 shares of the pipeline company’s stock valued at $398,000 after acquiring an additional 513 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Williams Companies by 13.7% in the 4th quarter. Simon Quick Advisors LLC now owns 7,960 shares of the pipeline company’s stock worth $431,000 after acquiring an additional 960 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its position in Williams Companies by 42.4% in the 4th quarter. Atomi Financial Group Inc. now owns 17,511 shares of the pipeline company’s stock valued at $948,000 after acquiring an additional 5,210 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Down 2.3 %

NYSE WMB opened at $59.22 on Thursday. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46. 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 company has a market capitalization of $72.19 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 5.44 and a beta of 1.06. The stock’s 50-day moving average price is $56.33 and its 200-day moving average price is $50.12.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

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

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Mizuho boosted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. CIBC lifted their price target on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $58.00 in a report on Friday, October 4th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.