Beverly Hills Private Wealth LLC Decreases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Beverly Hills Private Wealth LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,161 shares of the pipeline company’s stock after selling 644 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Williams Companies were worth $279,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WMB. Bearing Point Capital LLC purchased a new stake in Williams Companies during the fourth quarter valued at $206,000. Alteri Wealth LLC bought a new stake in shares of Williams Companies in the 4th quarter worth about $906,000. Alyeska Investment Group L.P. purchased a new stake in shares of Williams Companies during the 4th quarter valued at about $98,033,000. Aptus Capital Advisors LLC lifted its holdings in shares of Williams Companies by 112.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 26,298 shares of the pipeline company’s stock valued at $1,423,000 after acquiring an additional 13,941 shares during the last quarter. Finally, Alaethes Wealth LLC grew its position in Williams Companies by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 41,988 shares of the pipeline company’s stock worth $2,272,000 after acquiring an additional 295 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the sale, the senior vice president now owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This trade represents a 16.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now owns 714,693 shares in the company, valued at $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $60.16 on Tuesday. The firm’s 50 day simple moving average is $57.84 and its 200-day simple moving average is $56.57. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a one year low of $38.63 and a one year high of $61.67. The firm has a market cap of $73.36 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the business posted $0.59 EPS. Williams Companies’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

Wall Street Analysts Forecast Growth

WMB has been the subject of several analyst reports. Scotiabank raised their price objective on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Citigroup raised their price target on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Truist Financial increased their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, CIBC lifted their price target on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $57.77.

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.