Integrated Wealth Concepts LLC Cuts Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Integrated Wealth Concepts LLC reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,200 shares of the pipeline company's stock after selling 35,117 shares during the period. Integrated Wealth Concepts LLC's holdings in Williams Companies were worth $2,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Williams Companies during the fourth quarter worth approximately $575,103,000. Marshall Wace LLP increased its holdings in Williams Companies by 2,303.2% in the fourth quarter. Marshall Wace LLP now owns 3,517,336 shares of the pipeline company's stock worth $190,358,000 after buying an additional 3,370,974 shares during the last quarter. Amundi raised its holdings in shares of Williams Companies by 28.8% during the 4th quarter. Amundi now owns 8,781,963 shares of the pipeline company's stock valued at $495,215,000 after purchasing an additional 1,964,421 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Williams Companies by 3,490.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company's stock valued at $86,605,000 after buying an additional 1,555,667 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Williams Companies by 94.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,873,894 shares of the pipeline company's stock valued at $155,430,000 after acquiring an additional 1,399,161 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Down 1.8 %

Shares of WMB stock traded down $1.08 on Wednesday, hitting $58.59. The company had a trading volume of 7,481,557 shares, compared to its average volume of 6,626,263. 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 Williams Companies, Inc. has a twelve month low of $37.69 and a twelve month high of $61.67. The stock's 50-day moving average is $57.64 and its two-hundred day moving average is $56.31. The firm has a market cap of $71.44 billion, a P/E ratio of 32.02, a P/E/G ratio of 5.01 and a beta of 0.87.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data 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, equities research analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.41%. Williams Companies's dividend payout ratio is presently 109.29%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Morgan Stanley increased their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. CIBC boosted their target price on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Barclays increased their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Finally, Truist Financial lifted their target price on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of "Moderate Buy" and a consensus price target of $57.77.

Insider Activity

In related news, COO Micheal G. Dunn sold 96,687 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares in the company, valued at approximately $1,284,492.50. The trade was a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock worth $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

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.