VisionPoint Advisory Group LLC Has $305,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

VisionPoint Advisory Group LLC cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,770 shares of the pipeline company’s stock after selling 1,845 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Williams Companies were worth $305,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $26,000. Carmel Capital Partners LLC acquired a new stake in Williams Companies during the third quarter worth $31,000. CGC Financial Services LLC bought a new stake in Williams Companies in the 4th quarter valued at $35,000. OFI Invest Asset Management acquired a new position in shares of Williams Companies in the 3rd quarter valued at $41,000. Finally, CVA Family Office LLC bought a new position in shares of Williams Companies during the 4th quarter worth about $52,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

Shares of WMB stock opened at $39.64 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.73 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $48.31 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 6.12 and a beta of 1.05. The firm’s 50 day moving average is $38.23 and its 200-day moving average is $36.14. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $39.99.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.85 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.79%. Williams Companies’s payout ratio is 79.83%.

Insiders Place Their Bets

In other news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of analyst reports. Wolfe Research restated an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial boosted their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Barclays increased their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, CIBC lifted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.42.

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.