Csenge Advisory Group Sells 10,502 Shares of The Williams Companies, Inc. (NYSE:WMB)

Csenge Advisory Group trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,038 shares of the pipeline company’s stock after selling 10,502 shares during the quarter. Csenge Advisory Group’s holdings in Williams Companies were worth $644,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Williams Companies during the 4th quarter valued at about $26,000. CVA Family Office LLC acquired a new position in shares of Williams Companies during the fourth quarter worth $33,000. Exchange Traded Concepts LLC increased its stake in Williams Companies by 47.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,367 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 443 shares during the last quarter. AllSquare Wealth Management LLC lifted its holdings in Williams Companies by 46.3% in the third quarter. AllSquare Wealth Management LLC now owns 1,579 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 500 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in Williams Companies during the 4th quarter worth about $46,000. 86.10% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on WMB. Truist Financial initiated coverage on Williams Companies in a research note on Monday, May 2nd. They issued a “buy” rating and a $37.00 target price for the company. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, March 22nd. Stifel Nicolaus raised their price target on Williams Companies from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, March 1st. Raymond James lifted their price objective on Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 20th. Finally, Barclays boosted their price target on Williams Companies from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 23rd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Williams Companies has an average rating of “Buy” and a consensus target price of $35.29.

In related news, CEO Alan S. Armstrong sold 156,523 shares of Williams Companies stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $30.18, for a total transaction of $4,723,864.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Walter J. Bennett sold 24,219 shares of Williams Companies stock in a transaction dated Wednesday, February 23rd. The stock was sold at an average price of $29.70, for a total value of $719,304.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 304,200 shares of company stock worth $9,437,992. 0.43% of the stock is owned by corporate insiders.

WMB traded down $0.14 during midday trading on Wednesday, reaching $35.76. 78,958 shares of the company were exchanged, compared to its average volume of 8,676,993. The Williams Companies, Inc. has a one year low of $23.53 and a one year high of $37.05. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.69 and a current ratio of 0.73. The stock has a market capitalization of $43.56 billion, a P/E ratio of 29.92, a PEG ratio of 6.72 and a beta of 1.16. The stock’s 50-day simple moving average is $34.00 and its 200 day simple moving average is $30.50.

Williams Companies (NYSE:WMB – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The pipeline company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $3.19 billion. Williams Companies had a return on equity of 12.20% and a net margin of 13.95%. During the same quarter in the previous year, the firm earned $0.35 EPS. On average, research analysts anticipate that The Williams Companies, Inc. will post 1.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 27th. Stockholders of record on Friday, June 10th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.70 annualized dividend and a dividend yield of 4.75%. Williams Companies’s payout ratio is 141.67%.

Williams Companies Company Profile (Get Rating)

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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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