Sigma Planning Corp Sells 25,878 Shares of The Williams Companies, Inc. (NYSE:WMB)

Sigma Planning Corp trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 80.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,379 shares of the pipeline company’s stock after selling 25,878 shares during the period. Sigma Planning Corp’s holdings in Williams Companies were worth $222,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Williams Companies by 18.1% in the 4th quarter. CWM LLC now owns 54,960 shares of the pipeline company’s stock worth $1,914,000 after purchasing an additional 8,426 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Williams Companies in the 4th quarter worth approximately $212,000. Signaturefd LLC lifted its stake in shares of Williams Companies by 3.1% in the 4th quarter. Signaturefd LLC now owns 25,363 shares of the pipeline company’s stock worth $883,000 after purchasing an additional 774 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Williams Companies by 1.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 41,026 shares of the pipeline company’s stock worth $1,429,000 after purchasing an additional 387 shares during the period. Finally, abrdn plc lifted its stake in shares of Williams Companies by 17.9% in the 4th quarter. abrdn plc now owns 1,466,438 shares of the pipeline company’s stock worth $51,076,000 after purchasing an additional 223,139 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WMB. UBS Group increased their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Wolfe Research restated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial raised their target price on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Barclays raised their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $39.22.

Williams Companies Trading Down 0.5 %

Williams Companies stock opened at $39.26 on Monday. The stock has a market cap of $47.84 billion, a P/E ratio of 14.98, a PEG ratio of 6.14 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $39.76. The firm’s 50 day moving average price is $37.45 and its 200-day moving average price is $35.90.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter in the previous year, the company earned $0.53 EPS. On average, equities analysts predict that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.84%. Williams Companies’s dividend payout ratio is presently 72.52%.

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.