Axxcess Wealth Management LLC Sells 14,230 Shares of The Williams Companies, Inc. (NYSE:WMB)

Axxcess Wealth Management LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 22.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,462 shares of the pipeline company's stock after selling 14,230 shares during the quarter. Axxcess Wealth Management LLC's holdings in Williams Companies were worth $2,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WMB. OneDigital Investment Advisors LLC raised its holdings in Williams Companies by 64.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 21,043 shares of the pipeline company's stock valued at $961,000 after acquiring an additional 8,257 shares during the period. AMG National Trust Bank raised its holdings in Williams Companies by 1.0% during the 3rd quarter. AMG National Trust Bank now owns 30,627 shares of the pipeline company's stock valued at $1,398,000 after acquiring an additional 292 shares during the period. Quest Partners LLC purchased a new position in Williams Companies in the third quarter worth $116,000. LMR Partners LLP purchased a new position in Williams Companies in the third quarter worth $256,000. Finally, Caprock Group LLC grew its position in Williams Companies by 160.4% in the third quarter. Caprock Group LLC now owns 33,960 shares of the pipeline company's stock worth $1,550,000 after acquiring an additional 20,917 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In other Williams Companies news, 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 value of $511,520.00. Following the transaction, the chief accounting officer now owns 22,339 shares of the company's stock, valued at approximately $1,284,492.50. This represents a 28.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction dated 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 directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96 % 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 valued at $7,563,278. Company insiders own 0.44% of the company's stock.

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Williams Companies Stock Down 0.3 %

Shares of NYSE:WMB traded down $0.16 during trading on Friday, reaching $59.60. 13,202,488 shares of the stock traded hands, compared to its average volume of 6,184,065. The stock has a 50-day moving average of $57.09 and a two-hundred day moving average of $53.93. The Williams Companies, Inc. has a 52-week low of $37.18 and a 52-week high of $61.46. 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 stock has a market cap of $72.67 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share 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 is a boost from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. Williams Companies's dividend payout ratio is presently 109.29%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMB. The Goldman Sachs Group upped their target price 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. Royal Bank of Canada increased their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Citigroup increased their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. CIBC increased their price target on shares of Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Finally, Truist Financial increased their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $55.21.

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.