The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. lessened its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,822 shares of the pipeline company’s stock after selling 30,735 shares during the period. Zions Bancorporation N.A.’s holdings in Williams Companies were worth $5,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quent Capital LLC bought a new position in shares of Williams Companies during the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies during the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies during the 4th quarter valued at approximately $27,000. Sandy Spring Bank bought a new position in Williams Companies during the 4th quarter worth $27,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the third quarter worth $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of several analyst reports. Truist Financial boosted their price target 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. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their price target on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Barclays increased their price objective on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.21.

Williams Companies Trading Up 2.6 %

Shares of WMB stock opened at $61.14 on Tuesday. 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 stock has a 50-day simple moving average of $57.20 and a 200 day simple moving average of $54.17. The Williams Companies, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $61.55. The stock has a market capitalization of $74.55 billion, a P/E ratio of 33.41, a P/E/G ratio of 5.01 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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 net margin of 21.17% and a return on equity of 15.85%. On average, sell-side analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared 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. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is currently 109.29%.

Insider Buying and Selling at Williams Companies

In related news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction 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 directly owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company’s stock.

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.