Sound View Wealth Advisors Group LLC Sells 5,066 Shares of The Williams Companies, Inc. (NYSE:WMB)

Sound View Wealth Advisors Group LLC lowered its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,540 shares of the pipeline company's stock after selling 5,066 shares during the quarter. Sound View Wealth Advisors Group LLC's holdings in Williams Companies were worth $3,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of Williams Companies in the fourth quarter worth about $720,000. Foundations Investment Advisors LLC boosted its position in shares of Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock valued at $8,811,000 after buying an additional 19,782 shares during the last quarter. Golden State Equity Partners raised its stake in shares of Williams Companies by 319.9% during the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock worth $651,000 after purchasing an additional 9,171 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company's stock worth $10,062,000 after acquiring an additional 83,429 shares during the period. Finally, Myriad Asset Management US LP purchased a new stake in Williams Companies in the fourth quarter valued at approximately $995,000. Institutional investors own 86.44% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on WMB. CIBC lifted 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. Barclays lifted their target price on Williams Companies from $46.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Truist Financial upped 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. Royal Bank of Canada raised their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Finally, UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $55.07.

Williams Companies Stock Up 2.7 %

NYSE:WMB traded up $1.49 during trading hours on Wednesday, hitting $56.44. 2,504,909 shares of the company's stock traded hands, compared to its average volume of 7,781,034. The firm has a market cap of $68.82 billion, a P/E ratio of 30.81, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a twelve month low of $36.56 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock's fifty day moving average price is $56.71 and its two-hundred day moving average price is $53.33.

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, meeting analysts' consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.54%. 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 Activity

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 approximately $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares of the company's stock, valued at $37,907,316.72. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,583 shares of company stock worth $7,107,758 over the last three months. Corporate insiders own 0.44% of the company's stock.

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.