Procyon Advisors LLC Reduces Holdings in The Williams Companies, Inc. (NYSE:WMB)

Procyon Advisors LLC lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,188 shares of the pipeline company’s stock after selling 541 shares during the period. Procyon Advisors LLC’s holdings in Williams Companies were worth $5,808,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WMB. Quent Capital LLC purchased a new position in Williams Companies during the fourth quarter worth $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies during the 4th quarter worth about $25,000. Menard Financial Group LLC acquired a new position in Williams Companies in the 4th quarter valued at about $26,000. Sandy Spring Bank purchased a new position in Williams Companies in the 4th quarter valued at about $27,000. Finally, Hoey Investments Inc. acquired a new stake in shares of Williams Companies during the 4th quarter worth about $28,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMB. Truist Financial boosted their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Citigroup boosted their price target on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. CIBC upped their target price on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Wells Fargo & Company raised their price target on Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. Finally, Barclays lifted their price target on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.25.

Insider Transactions at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. This trade represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 0.6%

WMB opened at $60.47 on Friday. The Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $61.67. The firm has a 50 day moving average price of $58.43 and a 200 day moving average price of $57.34. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The company has a market cap of $73.74 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Williams Companies’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is presently 106.95%.

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.