Horizon Investments LLC Sells 9,929 Shares of The Williams Companies, Inc. (NYSE:WMB)

Horizon Investments LLC cut its position in The Williams Companies, Inc. (NYSE:WMB) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,366 shares of the pipeline company’s stock after selling 9,929 shares during the quarter. Horizon Investments LLC’s holdings in Williams Companies were worth $3,538,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMB. OneDigital Investment Advisors LLC raised its stake in Williams Companies by 64.6% in the third quarter. OneDigital Investment Advisors LLC now owns 21,043 shares of the pipeline company’s stock valued at $961,000 after buying an additional 8,257 shares during the period. AMG National Trust Bank raised its stake in Williams Companies by 1.0% in the 3rd quarter. AMG National Trust Bank now owns 30,627 shares of the pipeline company’s stock valued at $1,398,000 after acquiring an additional 292 shares during the period. Quest Partners LLC acquired a new stake in Williams Companies during the 3rd quarter valued at $116,000. LMR Partners LLP bought a new position in Williams Companies during the third quarter worth $256,000. Finally, Caprock Group LLC increased its holdings in shares of Williams Companies by 160.4% in the third quarter. Caprock Group LLC now owns 33,960 shares of the pipeline company’s stock valued at $1,550,000 after purchasing an additional 20,917 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Down 0.0 %

WMB opened at $58.38 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $37.16 and a twelve month high of $61.46. The stock has a market capitalization of $71.19 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 5.01 and a beta of 1.03. The company has a 50-day simple moving average of $56.89 and a 200 day simple moving average of $53.75.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is 109.29%.

Insider Buying and Selling

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now directly owns 22,339 shares in the company, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last ninety days. 0.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMB shares. The Goldman Sachs Group raised their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada upped their target price on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Barclays lifted their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Truist Financial upped their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $55.07.

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.