The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lowered by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 33.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,930 shares of the pipeline company’s stock after selling 22,916 shares during the period. TD Private Client Wealth LLC’s holdings in Williams Companies were worth $2,432,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Williams Companies in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC bought a new position in shares of Williams Companies in the fourth quarter valued at $27,000. Sandy Spring Bank bought a new position in shares of Williams Companies in the 4th quarter valued at about $27,000. Finally, Compass Planning Associates Inc bought a new position in Williams Companies during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial raised 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. The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday. Scotiabank upped their price target on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada raised their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.21.

Williams Companies Price Performance

Williams Companies stock opened at $59.60 on Friday. The stock’s fifty day moving average price is $57.09 and its two-hundred day moving average price is $53.93. The firm has a market cap of $72.67 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. 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 Williams Companies, Inc. has a one year low of $37.18 and a one year high of $61.46.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, research analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 109.29%.

Insider Buying and Selling

In other news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at $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. In the last 90 days, insiders have sold 139,583 shares of company stock worth $7,563,278. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Company 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.