Kestra Private Wealth Services LLC Sells 2,143 Shares of The Williams Companies, Inc. (NYSE:WMB)

Kestra Private Wealth Services LLC decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,664 shares of the pipeline company’s stock after selling 2,143 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Williams Companies were worth $2,904,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Brookstone Capital Management grew its holdings in Williams Companies by 38.0% during the 3rd quarter. Brookstone Capital Management now owns 12,082 shares of the pipeline company’s stock valued at $552,000 after buying an additional 3,327 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Williams Companies by 477.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,215 shares of the pipeline company’s stock valued at $557,000 after acquiring an additional 10,100 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Williams Companies by 5.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,459 shares of the pipeline company’s stock valued at $295,000 after acquiring an additional 337 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Williams Companies by 5.8% in the 3rd quarter. Ritholtz Wealth Management now owns 9,203 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 506 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new position in shares of Williams Companies during the 3rd quarter valued at about $246,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WMB shares. Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Barclays lifted their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Scotiabank reissued a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a report on Friday, January 10th. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and an average target price of $53.00.

Williams Companies Stock Up 0.3 %

Shares of NYSE:WMB opened at $56.11 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The business has a 50 day simple moving average of $55.91 and a two-hundred day simple moving average of $51.30. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46. The firm has a market capitalization of $68.40 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04.

Williams Companies Increases Dividend

The firm 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 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 80.17%.

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.