The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,249 shares of the pipeline company’s stock after selling 14,377 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Williams Companies were worth $3,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patten Group Inc. grew its holdings in Williams Companies by 1.3% in the fourth quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after purchasing an additional 296 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock valued at $353,000 after acquiring an additional 298 shares in the last quarter. Horan Securities Inc. lifted its position in shares of Williams Companies by 2.6% in the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock valued at $396,000 after acquiring an additional 300 shares in the last quarter. Graypoint LLC lifted its position in shares of Williams Companies by 2.6% in the fourth quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock valued at $427,000 after acquiring an additional 307 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of Williams Companies by 20.8% in the third quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 310 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $38.66 on Tuesday. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The company has a market cap of $47.10 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 6.02 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The business’s 50 day moving average price is $37.03 and its 200 day moving average price is $35.76.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the prior year, the business earned $0.53 EPS. On average, research analysts predict that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.91%. Williams Companies’s dividend payout ratio (DPR) is 72.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WMB shares. UBS Group raised their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Truist Financial raised their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Wolfe Research restated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. Finally, Barclays raised their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Williams Companies presently has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Company 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.