Foundations Investment Advisors LLC Increases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Foundations Investment Advisors LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 13.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 162,799 shares of the pipeline company’s stock after purchasing an additional 19,782 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Williams Companies were worth $8,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WMB. Board of the Pension Protection Fund purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $720,000. Hennion & Walsh Asset Management Inc. raised its holdings in Williams Companies by 17.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock valued at $4,074,000 after acquiring an additional 10,950 shares during the last quarter. Brendel Financial Advisors LLC raised its holdings in Williams Companies by 0.8% in the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after acquiring an additional 419 shares during the last quarter. World Investment Advisors LLC acquired a new position in Williams Companies in the 3rd quarter valued at $545,000. Finally, Swiss National Bank increased its holdings in shares of Williams Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after buying an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of a number of research analyst reports. Barclays upped their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Scotiabank reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Truist Financial upped their price target on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $54.63 on Monday. The firm’s 50 day moving average is $56.47 and its two-hundred day moving average is $50.41. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46. The firm has a market capitalization of $66.60 billion, a P/E ratio of 22.97, a PEG ratio of 5.31 and a beta of 1.06. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.45 earnings per share. Analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is 80.17%.

Insider Buying and Selling

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred 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 through this hyperlink. Company 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.