Allen Capital Group LLC Sells 478 Shares of The Williams Companies, Inc. (NYSE:WMB)

Allen Capital Group LLC decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,092 shares of the pipeline company’s stock after selling 478 shares during the period. Allen Capital Group LLC’s holdings in Williams Companies were worth $317,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Patten Group Inc. increased its stake in Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after acquiring an additional 296 shares during the period. Insigneo Advisory Services LLC increased its position in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after purchasing an additional 298 shares during the period. Buckley Wealth Management LLC raised its stake in Williams Companies by 1.0% in the third quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock valued at $1,040,000 after purchasing an additional 300 shares in the last quarter. Horan Securities Inc. lifted its position in Williams Companies by 2.6% during the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after purchasing an additional 300 shares during the period. Finally, Graypoint LLC grew its stake in Williams Companies by 2.6% during the fourth quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after buying an additional 307 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Down 0.5 %

NYSE WMB opened at $37.65 on Wednesday. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The business has a fifty day moving average price of $36.72 and a 200 day moving average price of $35.62. The company has a market cap of $45.87 billion, a P/E ratio of 14.37, a P/E/G ratio of 5.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $0.53 EPS. Research analysts anticipate that The Williams Companies, Inc. will post 1.84 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 5.05%. Williams Companies’s payout ratio is 72.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WMB shares. Barclays boosted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Truist Financial raised their price objective on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, UBS Group lifted their price target 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. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.00.

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.