Williams Companies, Inc. (The) $WMB Shares Sold by Callan Family Office LLC

Callan Family Office LLC lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 8.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,635 shares of the pipeline company’s stock after selling 8,088 shares during the quarter. Callan Family Office LLC’s holdings in Williams Companies were worth $5,742,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Private Wealth Management Group LLC raised its position in shares of Williams Companies by 104.8% during the 2nd quarter. Private Wealth Management Group LLC now owns 469 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 240 shares in the last quarter. Hartford Funds Management Co LLC bought a new stake in Williams Companies during the second quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Williams Companies during the second quarter worth $32,000. Legacy Investment Solutions LLC bought a new position in shares of Williams Companies in the 2nd quarter worth about $35,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at about $35,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 3.2%

WMB opened at $68.45 on Wednesday. The stock’s 50 day moving average price is $61.47 and its 200 day moving average price is $60.21. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a market cap of $83.60 billion, a P/E ratio of 35.29, a P/E/G ratio of 1.55 and a beta of 0.65. Williams Companies, Inc. has a 12 month low of $51.58 and a 12 month high of $68.70.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, November 3rd. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.87 billion. Williams Companies had a return on equity of 16.74% and a net margin of 20.61%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. As a group, research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Williams Companies’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 3.1%. Williams Companies’s dividend payout ratio is currently 103.09%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMB. UBS Group reissued a “buy” rating on shares of Williams Companies in a report on Monday, January 12th. TD Cowen increased their price target on Williams Companies from $69.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Barclays raised their price target on Williams Companies from $65.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Citigroup upped their price objective on Williams Companies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Williams Companies in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.64.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $60.53, for a total transaction of $242,120.00. Following the transaction, the senior vice president owned 302,645 shares of the company’s stock, valued at approximately $18,319,101.85. This trade represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 8,000 shares of company stock valued at $498,700. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Profile

Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.

Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.