Procyon Advisors LLC Sells 14,827 Shares of The Williams Companies, Inc. (NYSE:WMB)

Procyon Advisors LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,893 shares of the pipeline company’s stock after selling 14,827 shares during the quarter. Procyon Advisors LLC’s holdings in Williams Companies were worth $5,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WMB. FSC Wealth Advisors LLC bought a new stake in shares of Williams Companies during the 3rd quarter valued at about $27,000. HWG Holdings LP bought a new stake in Williams Companies during the 3rd quarter valued at approximately $29,000. Salem Investment Counselors Inc. grew its holdings in shares of Williams Companies by 52.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 315 shares during the period. Carmel Capital Partners LLC bought a new position in shares of Williams Companies in the 3rd quarter worth approximately $31,000. Finally, CGC Financial Services LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at approximately $35,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock traded up $0.06 on Thursday, reaching $38.60. The stock had a trading volume of 783,428 shares, compared to its average volume of 7,052,740. The stock has a market cap of $47.03 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $38.80. The company has a 50 day simple moving average of $35.41 and a 200 day simple moving average of $35.12.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities research analysts expect that The Williams Companies, Inc. will post 1.8 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.92%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. Mizuho upped their price target on Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Truist Financial boosted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday. Finally, UBS Group lifted their target price on shares of Williams Companies from $41.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.09.

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.