Icon Wealth Advisors LLC Sells 110,696 Shares of The Williams Companies, Inc. (NYSE:WMB)

Icon Wealth Advisors LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 97.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,806 shares of the pipeline company's stock after selling 110,696 shares during the period. Icon Wealth Advisors LLC's holdings in Williams Companies were worth $128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SouthState Corp acquired a new stake in shares of Williams Companies during the 2nd quarter valued at $31,000. Rosenberg Matthew Hamilton increased its holdings in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 252 shares in the last quarter. GHP Investment Advisors Inc. acquired a new position in Williams Companies during the 2nd quarter valued at about $34,000. Quarry LP purchased a new stake in Williams Companies in the 2nd quarter valued at $35,000. Finally, Fortitude Family Office LLC lifted its position in shares of Williams Companies by 120.8% during the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company's stock valued at $45,000 after purchasing an additional 545 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Down 2.4 %

NYSE:WMB traded down $1.46 during trading hours on Monday, hitting $58.19. The company had a trading volume of 14,299,069 shares, compared to its average volume of 6,300,460. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The company has a market capitalization of $70.93 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 6.14 and a beta of 1.03. The stock has a 50-day moving average price of $51.35 and a 200 day moving average price of $45.73.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. Williams Companies's quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies's dividend payout ratio is 80.17%.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company's stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company's stock, valued at approximately $13,777,218. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research analyst reports. Truist Financial raised their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. StockNews.com lowered shares of Williams Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. UBS Group upped their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Citigroup boosted their target price on Williams Companies from $45.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $51.54.

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.