The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 103,832 shares of the pipeline company’s stock after selling 6,600 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Williams Companies were worth $4,046,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP purchased a new position in Williams Companies during the fourth quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $27,000. Fairman Group LLC acquired a new stake in shares of Williams Companies in the fourth quarter valued at approximately $31,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Williams Companies in the first quarter valued at approximately $46,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on WMB shares. Royal Bank of Canada raised their price target on Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. UBS Group lifted their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. StockNews.com upgraded Williams Companies from a “hold” rating to a “buy” rating in a report on Monday. Wolfe Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. Finally, Morgan Stanley lifted their target price on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.77.

Williams Companies Stock Performance

WMB traded up $0.02 on Tuesday, hitting $42.95. 7,394,024 shares of the company traded hands, compared to its average volume of 6,581,021. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $42.03 and a 200-day moving average of $38.78. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.10. The stock has a market capitalization of $52.35 billion, a PE ratio of 18.05, a PEG ratio of 6.68 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.42%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.