Wealth Alliance Advisory Group LLC Purchases 900 Shares of The Williams Companies, Inc. (NYSE:WMB)

Wealth Alliance Advisory Group LLC grew its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,009 shares of the pipeline company’s stock after acquiring an additional 900 shares during the quarter. Williams Companies comprises 0.8% of Wealth Alliance Advisory Group LLC’s holdings, making the stock its 26th largest holding. Wealth Alliance Advisory Group LLC’s holdings in Williams Companies were worth $4,005,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WMB. Legacy Investment Solutions LLC acquired a new position in Williams Companies during the 3rd quarter valued at about $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. Quarry LP purchased a new position in shares of Williams Companies during the second quarter valued at approximately $35,000. FSA Wealth Management LLC bought a new stake in Williams Companies during the third quarter worth $38,000. Finally, Kimelman & Baird LLC purchased a new stake in Williams Companies in the 2nd quarter valued at $42,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $59.22 on Friday. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The stock’s 50-day simple moving average is $56.13 and its 200 day simple moving average is $49.71. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a market capitalization of $72.19 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 5.36 and a beta of 1.06.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Research analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s payout ratio is presently 80.17%.

Analysts Set New Price Targets

Several research analysts recently weighed in on WMB shares. Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Citigroup upped their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Truist Financial boosted their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. CIBC raised their target price on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Bank of America initiated coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.00.

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.