Dynamic Technology Lab Private Ltd Makes New $1.64 Million Investment in The Williams Companies, Inc. (NYSE:WMB)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,221 shares of the pipeline company’s stock, valued at approximately $1,636,000.

Other institutional investors and hedge funds have also modified their holdings of the company. IHT Wealth Management LLC boosted its stake in shares of Williams Companies by 24.4% during the 3rd quarter. IHT Wealth Management LLC now owns 17,701 shares of the pipeline company’s stock worth $811,000 after acquiring an additional 3,477 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in Williams Companies by 36.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 195,037 shares of the pipeline company’s stock worth $8,903,000 after purchasing an additional 51,935 shares during the last quarter. Quarry LP grew its holdings in Williams Companies by 548.1% during the third quarter. Quarry LP now owns 5,334 shares of the pipeline company’s stock valued at $243,000 after purchasing an additional 4,511 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Williams Companies by 20.5% in the third quarter. Quantinno Capital Management LP now owns 105,077 shares of the pipeline company’s stock valued at $4,797,000 after purchasing an additional 17,875 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Scotiabank boosted their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Morgan Stanley raised their target price on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Royal Bank of Canada boosted their price target on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Finally, Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus target price of $56.07.

Williams Companies Trading Down 7.5 %

NYSE WMB opened at $54.61 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $37.18 and a 12 month high of $61.67. The company has a market capitalization of $66.59 billion, a PE ratio of 29.84, a P/E/G ratio of 5.01 and a beta of 0.87. The stock has a 50-day simple moving average of $57.25 and a 200 day simple moving average of $54.95.

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, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. Williams Companies’s payout ratio is presently 109.29%.

Insiders Place Their Bets

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 transaction of $1,467,960.00. Following the completion of the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the transaction, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 over the last ninety days. 0.44% of the stock is currently owned by corporate insiders.

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.