Stock Yards Bank & Trust Co. Lowers Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Stock Yards Bank & Trust Co. reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,249 shares of the pipeline company’s stock after selling 14,377 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Williams Companies were worth $3,213,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Patten Group Inc. lifted its position in shares of Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after buying an additional 296 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Williams Companies by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after acquiring an additional 298 shares in the last quarter. Horan Securities Inc. raised its holdings in shares of Williams Companies by 2.6% during the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after acquiring an additional 300 shares in the last quarter. Graypoint LLC raised its holdings in shares of Williams Companies by 2.6% during the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after acquiring an additional 307 shares in the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of Williams Companies by 20.8% during the 3rd quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 310 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMB. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. UBS Group upped their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Truist Financial upped their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, Barclays upped their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.22.

Williams Companies Stock Performance

NYSE WMB opened at $38.66 on Tuesday. The company has a market cap of $47.10 billion, a P/E ratio of 14.76, a P/E/G ratio of 6.02 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The business’s 50 day moving average price is $37.03 and its 200-day moving average price is $35.76. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the prior year, the company posted $0.53 EPS. Sell-side analysts predict that The Williams Companies, Inc. will post 1.83 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.91%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

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.