Horizon Kinetics Asset Management LLC Has $9.36 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Horizon Kinetics Asset Management LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 172,890 shares of the pipeline company's stock after selling 4,395 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Williams Companies were worth $9,357,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WMB. Quent Capital LLC acquired a new position in Williams Companies in the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies during the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies during the 4th quarter worth $27,000. Compass Planning Associates Inc acquired a new stake in Williams Companies in the fourth quarter worth $30,000. Finally, Financial Life Planners acquired a new position in shares of Williams Companies during the fourth quarter valued at $30,000. Institutional investors own 86.44% of the company's stock.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Scotiabank lifted their target price on Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research note on Thursday, March 6th. Finally, Barclays raised their price target on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $55.21.

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Insider Buying and Selling

In other news, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares of the company's stock, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Larry C. Larsen sold 8,000 shares of the company'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 transaction of $455,520.00. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by corporate insiders.

Williams Companies Price Performance

WMB stock traded down $0.16 on Friday, hitting $59.60. 13,202,488 shares of the company's stock traded hands, compared to its average volume of 6,214,718. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a 1-year low of $37.18 and a 1-year high of $61.46. 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 stock has a fifty day moving average of $57.02 and a 200-day moving average of $53.83.

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, meeting analysts' consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.50 dividend. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date 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 (DPR) is 109.29%.

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.