The Williams Companies, Inc. (NYSE:WMB) Shares Bought by Summit Financial LLC

Summit Financial LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 49.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,659 shares of the pipeline company’s stock after buying an additional 27,189 shares during the quarter. Summit Financial LLC’s holdings in Williams Companies were worth $4,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baader Bank Aktiengesellschaft lifted its stake in shares of Williams Companies by 3.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after purchasing an additional 180 shares in the last quarter. Albion Financial Group UT raised its holdings in shares of Williams Companies by 18.4% during the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after buying an additional 184 shares during the period. Sprinkle Financial Consultants LLC lifted its position in Williams Companies by 3.8% during the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after acquiring an additional 185 shares in the last quarter. AMG National Trust Bank boosted its holdings in Williams Companies by 0.6% in the 4th quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company’s stock worth $1,669,000 after acquiring an additional 186 shares during the period. Finally, Tower Wealth Partners Inc. raised its stake in shares of Williams Companies by 4.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 191 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In related news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the transaction, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now directly owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,583 shares of company stock worth $7,563,278. Insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $59.77 on Tuesday. The company has a market cap of $72.88 billion, a PE ratio of 32.66, a P/E/G ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a fifty-two week low of $37.18 and a fifty-two week high of $61.67. The firm has a 50-day simple moving average of $57.31 and a 200 day simple moving average of $54.70. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.50 per share. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.35%. Williams Companies’s payout ratio is 109.29%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WMB shares. Barclays upped their target price on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Scotiabank raised their target price on Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Citigroup increased their target price on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.07.

Williams Companies Company 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.