Truist Financial Corp Sells 67,809 Shares of The Williams Companies, Inc. (NYSE:WMB)

Truist Financial Corp cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,559,756 shares of the pipeline company’s stock after selling 67,809 shares during the period. Truist Financial Corp owned 0.13% of Williams Companies worth $84,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in Williams Companies in the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies during the 4th quarter worth $27,000. Legacy Investment Solutions LLC purchased a new position in Williams Companies in the third quarter worth $30,000. Financial Life Planners bought a new position in Williams Companies in the fourth quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Williams Companies during the fourth quarter valued at about $32,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMB has been the topic of a number of research reports. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. UBS Group boosted their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. CIBC lifted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial upped their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.29.

Williams Companies Stock Down 0.8 %

Shares of Williams Companies stock opened at $57.00 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $33.03 and a 12-month high of $61.46. The company has a market cap of $69.48 billion, a P/E ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04. The company’s fifty day simple moving average is $55.85 and its two-hundred day simple moving average is $51.77.

Williams Companies (NYSE:WMB) last released 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 27.36% and a return on equity of 15.89%. Research analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.51%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 80.17%.

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.