Stock Yards Bank & Trust Co. Has $2.90 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Stock Yards Bank & Trust Co. decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,532 shares of the pipeline company’s stock after selling 4,368 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Williams Companies were worth $2,897,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WMB. AlphaMark Advisors LLC acquired a new stake in Williams Companies during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Williams Companies in the 3rd quarter valued at $30,000. Rosenberg Matthew Hamilton increased its position in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares in the last quarter. Quarry LP acquired a new position in Williams Companies in the 2nd quarter worth $35,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth about $38,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Down 2.0 %

Williams Companies stock opened at $55.43 on Monday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The stock has a market cap of $67.57 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. The firm’s 50-day simple moving average is $56.12 and its 200 day simple moving average is $50.80. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 earnings per share. Research analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.61%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is 80.17%.

Analysts Set New Price Targets

Several research analysts have weighed in on WMB shares. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Truist Financial raised their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Mizuho lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. UBS Group lifted their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, CIBC lifted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average price target of $53.00.

Insider Activity

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.