The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its stake in The Williams Companies, Inc. (NYSE:WMB) by 42.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,511 shares of the pipeline company’s stock after purchasing an additional 5,210 shares during the period. Atomi Financial Group Inc.’s holdings in Williams Companies were worth $948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Williams Companies by 19.0% in the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after purchasing an additional 5,697,605 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Williams Companies by 3,490.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after buying an additional 1,555,667 shares in the last quarter. National Bank of Canada FI lifted its holdings in Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after buying an additional 922,550 shares during the last quarter. Castle Hook Partners LP boosted its position in shares of Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after acquiring an additional 718,915 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after acquiring an additional 520,663 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Williams Companies 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 sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 2.3 %

WMB opened at $59.22 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $61.46. The stock has a market capitalization of $72.19 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.30 and a beta of 1.06. The business has a 50 day simple moving average of $56.26 and a 200-day simple moving average of $50.05.

Williams Companies (NYSE:WMB) last issued 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 company 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 revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.475 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMB. Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Citigroup lifted their target price on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Bank of America started coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Finally, Scotiabank reiterated a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research note on Friday, January 10th. One 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.00.

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.