The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Stablepoint Partners LLC

Stablepoint Partners LLC cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,688 shares of the pipeline company's stock after selling 4,429 shares during the quarter. Stablepoint Partners LLC's holdings in Williams Companies were worth $1,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WMB. Brighton Jones LLC increased its holdings in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock worth $740,000 after purchasing an additional 3,969 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Williams Companies by 3.0% in the fourth quarter. Mather Group LLC. now owns 9,620 shares of the pipeline company's stock worth $521,000 after purchasing an additional 280 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of Williams Companies by 57.0% in the fourth quarter. Ninety One UK Ltd now owns 461,711 shares of the pipeline company's stock worth $24,988,000 after purchasing an additional 167,699 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Williams Companies by 30.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 116,110 shares of the pipeline company's stock worth $6,267,000 after purchasing an additional 27,089 shares during the last quarter. Finally, LCM Capital Management Inc bought a new stake in shares of Williams Companies in the fourth quarter worth about $235,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

WMB remained flat at $60.56 during trading on Friday. The company's stock had a trading volume of 5,273,288 shares, compared to its average volume of 6,760,319. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The firm has a market capitalization of $73.84 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65. The stock has a 50-day moving average price of $58.43 and a 200 day moving average price of $57.35. The Williams Companies, Inc. has a one year low of $40.41 and a one year high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The business had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.30%. Williams Companies's dividend payout ratio (DPR) is presently 106.95%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMB. Citigroup increased their price target on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a report on Friday, May 16th. Wells Fargo & Company increased their price target on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Scotiabank increased their price target on Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.25.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares of the company's stock, valued at approximately $4,627,229.10. This trade represents a 8.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.