The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Del Sette Capital Management LLC

Del Sette Capital Management LLC lowered its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,885 shares of the pipeline company's stock after selling 10,898 shares during the period. Williams Companies makes up approximately 1.8% of Del Sette Capital Management LLC's portfolio, making the stock its 16th biggest holding. Del Sette Capital Management LLC's holdings in Williams Companies were worth $2,213,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quest Partners LLC purchased a new position in shares of Williams Companies during the 3rd quarter worth approximately $116,000. Prospera Financial Services Inc raised its position in Williams Companies by 7.2% in the third quarter. Prospera Financial Services Inc now owns 13,714 shares of the pipeline company's stock worth $626,000 after acquiring an additional 917 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Williams Companies in the third quarter valued at $2,516,000. Commerce Bank boosted its position in shares of Williams Companies by 5.0% during the 3rd quarter. Commerce Bank now owns 69,511 shares of the pipeline company's stock worth $3,173,000 after purchasing an additional 3,280 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Williams Companies by 35.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 17,542 shares of the pipeline company's stock worth $801,000 after purchasing an additional 4,548 shares during the period. Hedge funds and other institutional investors own 86.44% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Scotiabank lifted their price target on shares of Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Morgan Stanley upped their price target on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday. Truist Financial lifted 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. Finally, Royal Bank of Canada boosted their target price on Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $56.07.

Williams Companies Trading Down 0.3 %

Shares of NYSE WMB traded down $0.20 during midday trading on Thursday, reaching $59.75. 438,487 shares of the stock were exchanged, compared to its average volume of 6,171,349. The stock has a 50 day moving average price of $57.29 and a 200-day moving average price of $54.32. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $72.86 billion, a P/E ratio of 32.66, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a 52-week low of $37.18 and a 52-week high of $61.67.

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

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.35%. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies's dividend payout ratio (DPR) is presently 109.29%.

Insider Buying and Selling at Williams Companies

In other news, SVP Chad A. Teply sold 26,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the sale, the senior vice president now directly owns 133,048 shares of the company's stock, valued at $7,511,890.08. The trade was a 16.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now directly owns 714,693 shares in the company, valued at $37,907,316.72. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 in the last 90 days. 0.44% of the stock is owned by company insiders.

Williams Companies Company 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.