The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY decreased its stake in The Williams Companies, Inc. (NYSE:WMB) by 11.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 76,562 shares of the pipeline company’s stock after selling 10,000 shares during the quarter. Williams Companies comprises approximately 1.3% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 29th largest position. Roanoke Asset Management Corp NY’s holdings in Williams Companies were worth $4,144,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Quent Capital LLC purchased a new position in Williams Companies in the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Williams Companies during the fourth quarter worth $25,000. AlphaMark Advisors LLC acquired a new position in shares of Williams Companies during the fourth quarter worth $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies in the third quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in Williams Companies during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 3.5 %

Williams Companies stock opened at $58.25 on Friday. 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 Williams Companies, Inc. has a 1 year low of $35.38 and a 1 year high of $61.46. The firm’s 50-day moving average is $56.53 and its 200-day moving average is $52.66. The company has a market cap of $71.00 billion, a P/E ratio of 31.83, a PEG ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.50 per share. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 109.29%.

Wall Street Analyst Weigh In

WMB has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. The Goldman Sachs Group boosted their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial lifted 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. Finally, Mizuho increased their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.21.

Insiders Place Their Bets

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by corporate insiders.

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.