Legacy Capital Wealth Partners LLC Sells 2,313 Shares of The Williams Companies, Inc. (NYSE:WMB)

Legacy Capital Wealth Partners LLC cut its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,371 shares of the pipeline company’s stock after selling 2,313 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Williams Companies were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Williams Companies during the fourth quarter valued at $26,000. FSC Wealth Advisors LLC purchased a new position in Williams Companies during the third quarter valued at $27,000. Carmel Capital Partners LLC purchased a new position in Williams Companies during the third quarter valued at $31,000. CGC Financial Services LLC purchased a new position in Williams Companies during the fourth quarter valued at $35,000. Finally, OFI Invest Asset Management purchased a new position in Williams Companies during the third quarter valued at $41,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WMB. Barclays lifted their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research reiterated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial boosted their price target on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group boosted their price target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Stock Performance

Williams Companies stock traded down $0.19 during mid-day trading on Friday, reaching $39.26. 5,723,399 shares of the stock traded hands, compared to its average volume of 6,256,537. The stock has a market capitalization of $47.84 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05. 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 12-month low of $28.27 and a 12-month high of $39.76. The business’s 50-day moving average is $37.45 and its 200-day moving average is $35.89.

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

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.84%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

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.