By otakuyassine3@gmail.com 
Northstar Advisory Group LLC raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB – Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,134 shares of the pipeline company’s stock after acquiring an additional 296 shares during the quarter. Northstar Advisory Group LLC’s holdings in Williams Companies were worth $548,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in Williams Companies during the third quarter worth $30,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton lifted its position 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 worth $34,000 after buying an additional 252 shares during the last quarter. Quarry LP bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $35,000. Finally, FSA Wealth Management LLC bought a new position in Williams Companies in the third quarter worth about $38,000. Institutional investors own 86.44% of the company’s stock.
Williams Companies Stock Performance
Shares of NYSE:WMB traded up $0.49 during trading on Monday, reaching $56.01. The stock had a trading volume of 8,600,438 shares, compared to its average volume of 6,366,309. The stock has a fifty day simple moving average of $55.77 and a two-hundred day simple moving average of $49.26. 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 Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 5.60 and a beta of 1.06.
Williams Companies (NYSE:WMB – Get Free Report) last announced its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.
Williams Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.
Insider Activity at Williams Companies
In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on WMB. Truist Financial boosted their price target on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Mizuho boosted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Citigroup raised their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group boosted their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada raised their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average price target of $53.00.
Check Out Our Latest Stock Report on WMB
About Williams Companies
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.
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