Pitcairn Co. Sells 903 Shares of The Williams Companies, Inc. (NYSE:WMB)

Pitcairn Co. lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 5.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,978 shares of the pipeline company’s stock after selling 903 shares during the quarter. Pitcairn Co.’s holdings in Williams Companies were worth $865,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WMB. Quent Capital LLC purchased a new position in Williams Companies in the fourth quarter worth $25,000. Bank of Jackson Hole Trust purchased a new position in Williams Companies during the 4th quarter worth $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies during the 4th quarter valued at about $27,000. Sandy Spring Bank purchased a new stake in Williams Companies in the fourth quarter valued at about $27,000. Finally, Hoey Investments Inc. acquired a new stake in Williams Companies in the fourth quarter worth about $28,000. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the transaction, 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 legal filing with the SEC, which is available through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the sale, the chief operating officer now owns 714,693 shares of the company’s stock, valued at $37,907,316.72. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on WMB. CIBC increased their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Morgan Stanley raised their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. 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 report on Friday, February 14th. Barclays raised their target price on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Finally, Scotiabank boosted their price target on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $56.07.

Williams Companies Stock Down 7.5 %

WMB stock opened at $54.61 on Friday. The Williams Companies, Inc. has a one year low of $37.18 and a one year high of $61.67. 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 firm’s fifty day moving average is $57.25 and its 200 day moving average is $54.95. The firm has a market cap of $66.59 billion, a PE ratio of 29.84, a P/E/G ratio of 5.01 and a beta of 0.87.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.50 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.66%. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

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.