Icon Wealth Advisors LLC Has $128,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Icon Wealth Advisors LLC reduced its position in The Williams Companies, Inc. (NYSE:WMB) by 97.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,806 shares of the pipeline company’s stock after selling 110,696 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Williams Companies were worth $128,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of WMB. EntryPoint Capital LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at $50,000. LRI Investments LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at $81,000. SVB Wealth LLC boosted its stake in shares of Williams Companies by 14.9% in the 1st quarter. SVB Wealth LLC now owns 28,425 shares of the pipeline company’s stock valued at $1,108,000 after purchasing an additional 3,690 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Williams Companies by 1.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,488,323 shares of the pipeline company’s stock valued at $135,888,000 after purchasing an additional 59,425 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its stake in shares of Williams Companies by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,770 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 280 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Williams Companies Trading Down 0.2 %

Shares of Williams Companies stock opened at $59.65 on Monday. The stock has a fifty day simple moving average of $51.35 and a 200 day simple moving average of $45.73. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36. The company has a market capitalization of $72.71 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 6.14 and a beta of 1.03. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. Williams Companies’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on WMB shares. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Truist Financial upped their price objective on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Mizuho raised their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays upped their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.54.

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.