Apollon Wealth Management LLC Has $1.47 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Apollon Wealth Management LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 32,120 shares of the pipeline company’s stock after purchasing an additional 1,917 shares during the quarter. Apollon Wealth Management LLC’s holdings in Williams Companies were worth $1,466,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WMB. Blackstone Inc. raised its position in shares of Williams Companies by 109.1% during the first quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after purchasing an additional 3,373,800 shares during the period. Castle Hook Partners LP bought a new position in shares of Williams Companies during the 1st quarter worth approximately $57,220,000. Clearbridge Investments LLC boosted its stake in shares of Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after acquiring an additional 1,175,628 shares during the period. American Century Companies Inc. boosted its stake in shares of Williams Companies by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after acquiring an additional 1,024,158 shares during the period. Finally, BROOKFIELD Corp ON boosted its stake in shares of Williams Companies by 11.8% during the 1st quarter. BROOKFIELD Corp ON now owns 5,896,375 shares of the pipeline company’s stock worth $229,782,000 after acquiring an additional 623,820 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Down 0.0 %

Shares of WMB stock opened at $55.58 on Friday. The firm has a market capitalization of $67.75 billion, a P/E ratio of 23.45, a P/E/G ratio of 5.56 and a beta of 1.03. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $57.33. 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 stock’s fifty day simple moving average is $49.48 and its 200 day simple moving average is $44.74.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 2.01 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Scotiabank lifted their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Citigroup lifted their price target on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays lifted their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Mizuho lifted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and an average target price of $50.38.

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.