Brendel Financial Advisors LLC Sells 5,693 Shares of The Williams Companies, Inc. (NYSE:WMB)

Brendel Financial Advisors LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 11.0% in the fourth quarter, Holdings Channel reports. The firm owned 46,234 shares of the pipeline company’s stock after selling 5,693 shares during the quarter. Brendel Financial Advisors LLC’s holdings in Williams Companies were worth $2,502,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Williams Companies by 20.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 264,710 shares of the pipeline company’s stock valued at $11,164,000 after buying an additional 44,758 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Williams Companies by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after buying an additional 257 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Williams Companies by 207.9% in the second quarter. Brown Brothers Harriman & Co. now owns 22,264 shares of the pipeline company’s stock valued at $946,000 after buying an additional 15,033 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares during the last quarter. Finally, One Capital Management LLC acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $596,000. 86.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Williams Companies stock opened at $57.97 on Wednesday. The stock’s fifty day moving average price is $55.95 and its two-hundred day moving average price is $49.46. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a market cap of $70.67 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 5.60 and a beta of 1.06.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $0.45 EPS. The company’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.28%. Williams Companies’s payout ratio is 80.17%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America assumed coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial lifted their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Finally, Citigroup lifted their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.00.

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.