The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC cut its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,614 shares of the pipeline company's stock after selling 8,290 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Williams Companies were worth $899,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Williams Companies in the 4th quarter worth about $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies during the fourth quarter worth about $27,000. Financial Life Planners purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $30,000. SOA Wealth Advisors LLC. acquired a new stake in shares of Williams Companies in the fourth quarter valued at approximately $32,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Trading Up 0.8 %

WMB stock traded up $0.45 during trading on Wednesday, reaching $58.25. 7,502,611 shares of the stock traded hands, compared to its average volume of 7,644,162. The firm has a market capitalization of $71.01 billion, a PE ratio of 31.83, a P/E/G ratio of 5.07 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The business's 50 day moving average price is $55.97 and its 200-day moving average price is $51.98. The Williams Companies, Inc. has a 52-week low of $33.85 and a 52-week high of $61.46.

Williams Companies (NYSE:WMB - Get Free Report) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 2.06 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies's previous quarterly dividend of $0.48. Williams Companies's dividend payout ratio (DPR) is currently 103.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WMB shares. CIBC increased their target price on Williams Companies from $45.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Truist Financial increased their price objective on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Mizuho boosted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, November 4th. UBS Group raised their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.29.

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.