AdvisorNet Financial Inc Has $259,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

AdvisorNet Financial Inc cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,793 shares of the pipeline company’s stock after selling 360 shares during the quarter. AdvisorNet Financial Inc’s holdings in Williams Companies were worth $259,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the 3rd quarter valued at $30,000. Rosenberg Matthew Hamilton grew its holdings 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 acquiring an additional 252 shares in the last quarter. Quarry LP acquired a new stake in shares of Williams Companies in the second quarter valued at about $35,000. FSA Wealth Management LLC bought a new stake in Williams Companies during the third quarter worth about $38,000. Finally, Kimelman & Baird LLC acquired a new position in Williams Companies during the second quarter valued at approximately $42,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

WMB opened at $59.13 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The firm has a market cap of $72.08 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 5.36 and a beta of 1.06. The business’s fifty day moving average is $56.00 and its 200-day moving average is $49.52.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS 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 net margin of 27.36% and a return on equity of 15.89%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Sell-side analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s dividend payout ratio is currently 80.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Mizuho upped their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Barclays lifted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. CIBC raised their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Bank of America assumed coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies has an average rating of “Hold” and an average target price of $53.00.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

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.