Resonant Capital Advisors LLC Has $290,000 Holdings in The Williams Companies, Inc. (NYSE:WMB)

Resonant Capital Advisors LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,361 shares of the pipeline company’s stock after buying an additional 238 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Williams Companies were worth $290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Catalina Capital Group LLC raised its position in shares of Williams Companies by 5.4% during the 4th quarter. Catalina Capital Group LLC now owns 8,900 shares of the pipeline company’s stock valued at $482,000 after acquiring an additional 459 shares during the last quarter. Valley National Advisers Inc. increased its holdings in Williams Companies by 1.3% in the fourth quarter. Valley National Advisers Inc. now owns 42,566 shares of the pipeline company’s stock valued at $2,302,000 after purchasing an additional 537 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in Williams Companies by 2.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 70,232 shares of the pipeline company’s stock valued at $3,801,000 after purchasing an additional 1,654 shares during the last quarter. Greenleaf Trust boosted its holdings in Williams Companies by 14.4% during the fourth quarter. Greenleaf Trust now owns 24,513 shares of the pipeline company’s stock worth $1,327,000 after buying an additional 3,088 shares during the last quarter. Finally, Golden State Equity Partners boosted its holdings in Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after buying an additional 9,171 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Up 1.4 %

Shares of NYSE:WMB opened at $56.23 on Tuesday. The company’s 50-day moving average price is $56.12 and its two-hundred day moving average price is $50.86. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $61.46. 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 stock has a market capitalization of $68.54 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WMB. Barclays increased their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Bank of America began coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. Truist Financial raised their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Scotiabank reissued a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. Finally, The Goldman Sachs Group raised their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Insider Activity

In related news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction dated 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 directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.