Cresset Asset Management LLC Sells 48,828 Shares of The Williams Companies, Inc. (NYSE:WMB)

Cresset Asset Management LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,993 shares of the pipeline company's stock after selling 48,828 shares during the period. Cresset Asset Management LLC's holdings in Williams Companies were worth $6,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Board of the Pension Protection Fund bought a new position in Williams Companies during the 4th quarter valued at about $720,000. Foundations Investment Advisors LLC lifted its position in shares of Williams Companies by 13.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock worth $8,811,000 after purchasing an additional 19,782 shares during the period. Golden State Equity Partners lifted its stake in shares of Williams Companies by 319.9% during the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock worth $651,000 after purchasing an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC lifted its position in Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company's stock valued at $10,062,000 after acquiring an additional 83,429 shares during the last quarter. Finally, Myriad Asset Management US LP purchased a new stake in Williams Companies in the fourth quarter valued at about $995,000. Institutional investors own 86.44% of the company's stock.

Analysts Set New Price Targets

WMB has been the topic of a number of research reports. Truist Financial increased their price objective on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a report on Friday, February 14th. Barclays boosted 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, March 21st. Morgan Stanley boosted their target price on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Wells Fargo & Company raised their price objective on shares of Williams Companies from $63.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Scotiabank increased their price target on Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.50.

Insider Transactions at Williams Companies

In related news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the transaction, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 139,583 shares of company stock valued at $7,563,278. Company insiders own 0.44% of the company's stock.

Williams Companies Stock Up 1.1 %

Williams Companies stock traded up $0.61 during midday trading on Friday, hitting $57.67. 3,845,632 shares of the stock were exchanged, compared to its average volume of 6,656,954. 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 1 year low of $39.57 and a 1 year high of $61.67. The company has a 50 day moving average price of $57.91 and a two-hundred day moving average price of $56.70. The firm has a market cap of $70.32 billion, a P/E ratio of 31.51, a P/E/G ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's payout ratio is presently 106.95%.

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.