Jag Capital Management LLC Sells 1,450 Shares of The Williams Companies, Inc. (NYSE:WMB)

Jag Capital Management LLC lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 15.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,860 shares of the pipeline company’s stock after selling 1,450 shares during the period. Jag Capital Management LLC’s holdings in Williams Companies were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in Williams Companies during the fourth quarter valued at about $720,000. Foundations Investment Advisors LLC boosted its position in Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after purchasing an additional 19,782 shares during the period. Golden State Equity Partners boosted its position in Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after purchasing an additional 9,171 shares during the period. Cornerstone Wealth Group LLC boosted its position in Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after purchasing an additional 83,429 shares during the period. Finally, Myriad Asset Management US LP bought a new position in Williams Companies during the fourth quarter worth about $995,000. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 1.1 %

Shares of WMB opened at $57.52 on Tuesday. The firm’s 50 day simple moving average is $56.60 and its 200 day simple moving average is $52.89. The company has a market capitalization of $70.14 billion, a P/E ratio of 31.43, a P/E/G ratio of 5.01 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a 1-year low of $35.74 and a 1-year high of $61.46.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Sell-side analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share 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. Shareholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Mizuho increased their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Citigroup increased their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Truist Financial increased their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $54.21.

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.