Procyon Advisors LLC Has $5.19 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Procyon Advisors LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,893 shares of the pipeline company’s stock after selling 14,827 shares during the period. Procyon Advisors LLC’s holdings in Williams Companies were worth $5,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMB. Moneta Group Investment Advisors LLC raised its stake in shares of Williams Companies by 96,588.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after acquiring an additional 63,358,143 shares in the last quarter. Morgan Stanley lifted its position in Williams Companies by 0.7% during the 4th quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock worth $649,796,000 after acquiring an additional 136,216 shares during the last quarter. Royal Bank of Canada grew its position in shares of Williams Companies by 85.8% in the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after purchasing an additional 7,551,749 shares during the last quarter. Northern Trust Corp grew its holdings in Williams Companies by 8.1% in the 3rd quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock valued at $486,991,000 after buying an additional 1,089,150 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Williams Companies by 7.3% during the third quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after buying an additional 921,537 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on WMB shares. UBS Group raised their price objective on Williams Companies from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Mizuho raised their price objective on shares of Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Truist Financial raised their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.09.

Williams Companies Trading Up 0.2 %

WMB stock traded up $0.06 during midday trading on Thursday, hitting $38.60. The stock had a trading volume of 783,428 shares, compared to its average volume of 7,052,740. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The firm has a market cap of $47.03 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The business has a fifty day moving average price of $35.41 and a two-hundred day moving average price of $35.12. The Williams Companies, Inc. has a 1-year low of $28.27 and a 1-year high of $38.80.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter last year, the business posted $0.53 EPS. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.92%. Williams Companies’s payout ratio is presently 72.52%.

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.