The Williams Companies, Inc. (NYSE:WMB) Stock Position Lowered by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 40.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,503 shares of the pipeline company's stock after selling 7,198 shares during the period. IHT Wealth Management LLC's holdings in Williams Companies were worth $568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Williams Companies in the fourth quarter worth $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. Sandy Spring Bank bought a new position in shares of Williams Companies in the fourth quarter worth approximately $27,000. Finally, Hoey Investments Inc. purchased a new stake in Williams Companies in the fourth quarter valued at approximately $28,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Performance

Shares of WMB stock traded up $0.46 during trading hours on Thursday, hitting $59.03. The company's stock had a trading volume of 2,306,948 shares, compared to its average volume of 7,738,968. The Williams Companies, Inc. has a 12-month low of $38.01 and a 12-month high of $61.67. The stock has a market cap of $71.97 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The company has a 50 day moving average of $57.66 and a 200 day moving average of $56.33. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, sell-side analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a dividend yield of 3.39%. Williams Companies's payout ratio is currently 109.29%.

Analysts Set New Price Targets

Several research analysts recently issued reports on WMB shares. Citigroup upped their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Barclays lifted 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 report on Friday, March 21st. Royal Bank of Canada lifted their price target on Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Morgan Stanley upped their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Finally, Truist Financial increased their price objective 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 nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $57.77.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the transaction, the senior vice president now owns 81,265 shares of the company's stock, valued at $4,627,229.10. This trade represents a 8.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mary A. Hausman sold 8,896 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares in the company, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,583 shares of company stock worth $7,563,278. Insiders own 0.44% of the company's stock.

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.