HF Advisory Group LLC Sells 1,452 Shares of The Williams Companies, Inc. (NYSE:WMB)

HF Advisory Group LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,783 shares of the pipeline company’s stock after selling 1,452 shares during the quarter. HF Advisory Group LLC’s holdings in Williams Companies were worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Williams Companies in the fourth quarter valued at approximately $26,000. FSC Wealth Advisors LLC bought a new position in Williams Companies in the third quarter valued at approximately $27,000. HWG Holdings LP bought a new position in Williams Companies in the third quarter valued at approximately $29,000. Salem Investment Counselors Inc. boosted its stake in Williams Companies by 52.5% in the second quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 315 shares during the last quarter. Finally, Carmel Capital Partners LLC bought a new position in Williams Companies in the third quarter valued at approximately $31,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

Shares of WMB opened at $37.58 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.76. The stock has a market capitalization of $45.79 billion, a P/E ratio of 14.34, a P/E/G ratio of 5.89 and a beta of 1.05. The company has a 50 day moving average of $36.86 and a 200-day moving average of $35.65.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.53 EPS. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.06%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. UBS Group increased their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Wolfe Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a report on Thursday. Finally, Truist Financial increased their target price on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus price target of $38.90.

About Williams Companies

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.