The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lessened by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,308 shares of the pipeline company’s stock after selling 14,645 shares during the period. Williams Companies makes up about 2.3% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 11th largest holding. Horan Capital Advisors LLC.’s holdings in Williams Companies were worth $6,890,000 as of its most recent filing with the SEC.

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

Williams Companies Stock Down 1.1 %

Shares of WMB opened at $57.52 on Tuesday. The company has a 50-day simple moving average of $56.60 and a 200-day simple moving average of $52.89. The firm has a market capitalization of $70.14 billion, a P/E ratio of 31.43, a P/E/G ratio of 5.01 and a beta of 1.04. 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 52 week low of $35.74 and a 52 week high of $61.46.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, equities research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current 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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.48%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is currently 109.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Citigroup boosted their price target on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Truist Financial upped their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. One 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 company. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average 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 transaction of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This represents 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 link. 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.