My Legacy Advisors LLC Sells 506 Shares of The Williams Companies, Inc. (NYSE:WMB)

My Legacy Advisors LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,712 shares of the pipeline company’s stock after selling 506 shares during the quarter. My Legacy Advisors LLC’s holdings in Williams Companies were worth $1,434,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Board of the Pension Protection Fund bought a new stake in shares of Williams Companies in the 4th quarter valued at $720,000. Brendel Financial Advisors LLC increased its position in shares of Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after acquiring an additional 419 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Williams Companies by 17.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock valued at $4,074,000 after buying an additional 10,950 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Williams Companies in the third quarter valued at about $545,000. Finally, Swiss National Bank lifted its position in shares of Williams Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after buying an additional 9,800 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays upped their price target on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Scotiabank reissued a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Royal Bank of Canada raised their target price 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, Citigroup boosted their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $53.00.

Williams Companies Stock Up 0.1 %

Shares of NYSE:WMB opened at $59.22 on Friday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $60.36. 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 stock’s 50-day moving average is $56.13 and its 200 day moving average is $49.71. The company has a market cap of $72.19 billion, a PE ratio of 24.99, a P/E/G ratio of 5.36 and a beta of 1.06.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Insider Buying and Selling

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is owned by insiders.

Williams Companies 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.