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

Drive Wealth Management LLC lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,796 shares of the pipeline company’s stock after selling 4,986 shares during the quarter. Drive Wealth Management LLC’s holdings in Williams Companies were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FSC Wealth Advisors LLC purchased a new position in shares of Williams Companies during the third quarter worth approximately $27,000. HWG Holdings LP purchased a new position in shares of Williams Companies during the third quarter worth approximately $29,000. Salem Investment Counselors Inc. grew its position in shares of Williams Companies by 52.5% during the second 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 last quarter. Carmel Capital Partners LLC purchased a new position in shares of Williams Companies during the third quarter worth approximately $31,000. Finally, CGC Financial Services LLC purchased a new position in shares of Williams Companies during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Truist Financial raised their target price on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Finally, UBS Group lifted their price objective on shares of Williams Companies from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.09.

Get Our Latest Research Report on WMB

Williams Companies Trading Up 1.1 %

NYSE:WMB opened at $39.29 on Wednesday. The company has a market capitalization of $47.87 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 6.18 and a beta of 1.05. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.30. The stock has a fifty day simple moving average of $35.80 and a 200-day simple moving average of $35.25.

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

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.84%. Williams Companies’s payout ratio is 72.52%.

About Williams Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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