The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,562 shares of the pipeline company’s stock after selling 10,000 shares during the period. Williams Companies makes up about 1.3% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 29th biggest position. Roanoke Asset Management Corp NY’s holdings in Williams Companies were worth $4,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC purchased a new stake in Williams Companies during the fourth quarter worth $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Williams Companies during the 4th quarter worth $25,000. AlphaMark Advisors LLC purchased a new stake in shares of Williams Companies in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the 3rd quarter valued at about $30,000. Finally, Financial Life Planners purchased a new position in Williams Companies during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 3.5 %

Shares of WMB stock opened at $58.25 on Friday. The Williams Companies, Inc. has a 1-year low of $35.38 and a 1-year high of $61.46. The firm’s 50-day simple moving average is $56.53 and its 200-day simple moving average is $52.66. The firm has a market cap of $71.00 billion, a P/E ratio of 31.83, a PEG ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates 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 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

Insider Activity

In related news, 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 value of $1,467,960.00. Following the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WMB shares. The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. Citigroup raised their price target on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial upped their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. One equities research 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. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $54.21.

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.