Avior Wealth Management LLC Sells 13,850 Shares of The Williams Companies, Inc. (NYSE:WMB)

Avior Wealth Management LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 72.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,359 shares of the pipeline company’s stock after selling 13,850 shares during the period. Avior Wealth Management LLC’s holdings in Williams Companies were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blackstone Inc. boosted its holdings in Williams Companies by 109.1% during the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock valued at $252,006,000 after acquiring an additional 3,373,800 shares during the period. American Century Companies Inc. grew its holdings in shares of Williams Companies by 20.1% in the second quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after purchasing an additional 1,024,158 shares during the last quarter. BROOKFIELD Corp ON increased its stake in shares of Williams Companies by 11.8% in the first quarter. BROOKFIELD Corp ON now owns 5,896,375 shares of the pipeline company’s stock worth $229,782,000 after buying an additional 623,820 shares during the period. Bahl & Gaynor Inc. raised its holdings in Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after buying an additional 618,056 shares during the last quarter. Finally, Chickasaw Capital Management LLC boosted its position in Williams Companies by 26.8% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,097,941 shares of the pipeline company’s stock valued at $95,771,000 after buying an additional 443,423 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WMB shares. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Truist Financial increased their price objective on Williams Companies from $42.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $52.00 to $58.00 in a research note on Friday, October 4th. Scotiabank raised their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, Barclays boosted their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus price target of $51.54.

Insider Buying and Selling

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Down 0.2 %

WMB stock opened at $59.65 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The business has a 50 day moving average of $51.35 and a 200 day moving average of $45.64. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The firm has a market cap of $72.71 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 6.04 and a beta of 1.03.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.19%. Williams Companies’s payout ratio is currently 80.17%.

Williams Companies Company 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.