Fulton Bank N.A. Sells 18,499 Shares of The Williams Companies, Inc. (NYSE:WMB)

Fulton Bank N.A. reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 47.6% during the 4th quarter, HoldingsChannel reports. The firm owned 20,365 shares of the pipeline company’s stock after selling 18,499 shares during the quarter. Fulton Bank N.A.’s holdings in Williams Companies were worth $1,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WMB. Legacy Investment Solutions LLC bought a new stake in Williams Companies in the third quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its stake in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies in the 2nd quarter worth about $34,000. Quarry LP acquired a new stake in shares of Williams Companies during the 2nd quarter worth about $35,000. Finally, FSA Wealth Management LLC bought a new position in Williams Companies during the 3rd quarter valued at about $38,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $58.00 in a research report on Friday, October 4th. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Bank of America began coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Truist Financial increased their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.07.

Williams Companies Stock Performance

WMB stock opened at $56.40 on Thursday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The company has a market cap of $68.75 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 5.60 and a beta of 1.06. The business’s fifty day moving average is $55.61 and its 200-day moving average is $49.03.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Equities research analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 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.