OneAscent Wealth Management LLC Sells 3,357 Shares of The Williams Companies, Inc. (NYSE:WMB)

OneAscent Wealth Management LLC lessened its position in The Williams Companies, Inc. (NYSE:WMB) by 32.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,836 shares of the pipeline company’s stock after selling 3,357 shares during the period. OneAscent Wealth Management LLC’s holdings in Williams Companies were worth $370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Williams Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company’s stock worth $7,054,876,000 after purchasing an additional 1,008,213 shares during the last quarter. Wellington Management Group LLP increased its position in Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after buying an additional 520,663 shares during the last quarter. Norges Bank bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $575,103,000. Finally, Amundi grew its stake in shares of Williams Companies by 28.8% in the fourth quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock worth $495,215,000 after acquiring an additional 1,964,421 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of a number of research reports. Truist Financial increased their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada lifted their target price on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday. Scotiabank raised their price objective 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. Finally, Citigroup upped their target price on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average target price of $56.07.

Williams Companies Stock Performance

NYSE WMB opened at $59.24 on Friday. The Williams Companies, Inc. has a 1-year low of $37.18 and a 1-year high of $61.67. The company has a 50 day moving average of $57.30 and a 200-day moving average of $54.46. 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 firm has a market cap of $72.24 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings results 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 return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.38%. Williams Companies’s dividend payout ratio is 109.29%.

Insiders Place Their Bets

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. This represents a 8.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock valued at $7,563,278 in the last 90 days. 0.44% of the stock is currently owned by insiders.

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.