Sei Investments Co. Lowers Holdings in The Williams Companies, Inc. (NYSE:WMB)

Sei Investments Co. lowered its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,103,660 shares of the pipeline company’s stock after selling 29,025 shares during the period. Sei Investments Co. owned about 0.09% of Williams Companies worth $59,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WMB. Quent Capital LLC purchased a new position in Williams Companies during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust purchased a new position in Williams Companies during the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC purchased a new position in Williams Companies during the fourth quarter valued at approximately $27,000. Sandy Spring Bank bought a new position in Williams Companies in the fourth quarter worth approximately $27,000. Finally, Compass Planning Associates Inc purchased a new stake in Williams Companies during the fourth quarter worth $30,000. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Scotiabank boosted their price target on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Barclays increased their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday. Truist Financial lifted their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, Citigroup lifted their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $55.21.

Insiders Place Their Bets

In other Williams Companies news, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 714,693 shares in the company, valued at approximately $37,907,316.72. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total transaction of $511,520.00. Following the sale, the chief accounting officer now directly owns 22,339 shares in the company, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,583 shares of company stock worth $7,563,278. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 0.3 %

Shares of NYSE:WMB opened at $59.60 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52-week low of $37.18 and a 52-week high of $61.46. The stock has a market cap of $72.67 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 5.01 and a beta of 1.03. The business has a 50-day moving average price of $57.09 and a 200-day moving average price of $54.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Equities analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. Williams Companies’s payout ratio is presently 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.