Crossmark Global Holdings Inc. Sells 1,903 Shares of The Williams Companies, Inc. (NYSE:WMB)

Crossmark Global Holdings Inc. lowered its position in The Williams Companies, Inc. (NYSE:WMBFree Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,967 shares of the pipeline company’s stock after selling 1,903 shares during the period. Crossmark Global Holdings Inc.’s holdings in Williams Companies were worth $2,228,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Western Pacific Wealth Management LP bought a new stake in Williams Companies during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Williams Companies in the 4th quarter worth $26,000. CGC Financial Services LLC bought a new stake in Williams Companies during the fourth quarter worth approximately $35,000. CVA Family Office LLC purchased a new stake in Williams Companies during the fourth quarter valued at approximately $52,000. Finally, Salem Investment Counselors Inc. lifted its stake in shares of Williams Companies by 121.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock valued at $58,000 after purchasing an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WMB. UBS Group increased their price target on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Barclays increased their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research report on Thursday, April 18th. Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $46.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.45.

Check Out Our Latest Research Report on WMB

Insiders Place Their Bets

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the transaction, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $40.72 on Friday. The company has a 50 day moving average price of $39.59 and a 200 day moving average price of $36.95. The firm has a market capitalization of $49.63 billion, a P/E ratio of 17.11, a PEG ratio of 6.52 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a 52 week low of $30.10 and a 52 week high of $41.89.

Williams Companies (NYSE:WMBGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. Sell-side analysts expect that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Williams Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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