Monetary Management Group Inc. Has $2.22 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Monetary Management Group Inc. trimmed its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,950 shares of the pipeline company's stock after selling 9,300 shares during the quarter. Monetary Management Group Inc.'s holdings in Williams Companies were worth $2,216,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMB. Heritage Trust Co purchased a new position in shares of Williams Companies in the 4th quarter worth $532,000. First Foundation Advisors raised its holdings in shares of Williams Companies by 3.0% in the 4th quarter. First Foundation Advisors now owns 9,882 shares of the pipeline company's stock worth $535,000 after purchasing an additional 284 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Williams Companies by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 535,272 shares of the pipeline company's stock valued at $28,969,000 after purchasing an additional 3,360 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new stake in shares of Williams Companies during the 4th quarter worth about $218,000. Finally, Scotia Capital Inc. increased its position in Williams Companies by 85.2% during the 4th quarter. Scotia Capital Inc. now owns 40,338 shares of the pipeline company's stock worth $2,183,000 after purchasing an additional 18,555 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Performance

Williams Companies stock traded up $1.16 during mid-day trading on Tuesday, reaching $58.52. The company's stock had a trading volume of 5,439,294 shares, compared to its average volume of 6,649,515. 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 Williams Companies, Inc. has a twelve month low of $37.18 and a twelve month high of $61.67. The business has a 50 day moving average price of $57.22 and a 200-day moving average price of $55.59. The firm has a market cap of $71.35 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 5.01 and a beta of 0.87.

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Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share 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%. Sell-side analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. Williams Companies's payout ratio is currently 109.29%.

Insider Buying and Selling

In other news, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company's stock, valued at approximately $1,284,492.50. The trade was a 28.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the transaction, the senior vice president now directly owns 81,265 shares in the company, valued at $4,627,229.10. This trade represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. 0.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WMB has been the subject of several research reports. Truist Financial boosted their price objective 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. CIBC increased their price target on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" 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 note on Tuesday, February 25th. Morgan Stanley increased their target price on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Finally, Scotiabank boosted their price target on Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. One investment 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 presently has an average rating of "Hold" and a consensus price target of $56.07.

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.