Kingswood Wealth Advisors LLC Sells 12,611 Shares of The Williams Companies, Inc. (NYSE:WMB)

Kingswood Wealth Advisors LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 40.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,208 shares of the pipeline company’s stock after selling 12,611 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Williams Companies were worth $710,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WMB. West Paces Advisors Inc. boosted its holdings in Williams Companies by 3.9% in the first quarter. West Paces Advisors Inc. now owns 17,557 shares of the pipeline company’s stock worth $684,000 after acquiring an additional 660 shares in the last quarter. Beech Hill Advisors Inc. grew its position in Williams Companies by 1.0% during the 1st quarter. Beech Hill Advisors Inc. now owns 37,060 shares of the pipeline company’s stock valued at $1,444,000 after purchasing an additional 385 shares during the last quarter. Wallace Advisory Group LLC increased its stake in Williams Companies by 7.4% during the 1st quarter. Wallace Advisory Group LLC now owns 11,867 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 822 shares in the last quarter. Riverview Trust Co purchased a new position in Williams Companies in the first quarter worth about $117,000. Finally, Annex Advisory Services LLC lifted its stake in shares of Williams Companies by 4.1% in the first quarter. Annex Advisory Services LLC now owns 97,923 shares of the pipeline company’s stock worth $3,816,000 after buying an additional 3,837 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. CIBC boosted their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Stifel Nicolaus upped their price target on Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Morgan Stanley lifted their price objective on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Truist Financial upped their target price on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Finally, US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.42.

Williams Companies Stock Performance

NYSE:WMB opened at $42.28 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The stock has a 50-day simple moving average of $40.34 and a two-hundred day simple moving average of $37.43. The firm has a market capitalization of $51.53 billion, a PE ratio of 17.76, a P/E/G ratio of 6.73 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $30.90 and a 52-week high of $43.22.

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

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Insiders Place Their Bets

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the transaction, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by company insiders.

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.