The Williams Companies, Inc. (NYSE:WMB) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC lowered its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 32.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,836 shares of the pipeline company’s stock after selling 3,357 shares during the period. OneAscent Wealth Management LLC’s holdings in Williams Companies were worth $370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WMB. Quent Capital LLC acquired a new stake in Williams Companies in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Williams Companies in the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $27,000. Sandy Spring Bank acquired a new position in shares of Williams Companies during the fourth quarter valued at approximately $27,000. Finally, Legacy Investment Solutions LLC bought a new stake in Williams Companies during the third quarter worth approximately $30,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 0.3 %

NYSE:WMB opened at $59.24 on Friday. The stock has a market cap of $72.24 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The stock’s 50-day moving average is $57.30 and its two-hundred day moving average is $54.46.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS 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 research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 109.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WMB shares. Scotiabank increased their price target on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Barclays boosted their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Royal Bank of Canada raised their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. 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 research note on Tuesday, February 25th. Finally, CIBC upped their price target on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies presently has an average rating of “Hold” and an average price target of $56.07.

Insider Transactions at Williams Companies

In related news, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total value of $5,128,278.48. Following the transaction, the chief operating officer now owns 714,693 shares in the company, valued at approximately $37,907,316.72. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock valued at $7,563,278 in the last three months. Corporate insiders own 0.44% of the company’s stock.

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.