30,280 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by YANKCOM Partnership

YANKCOM Partnership bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,280 shares of the pipeline company’s stock, valued at approximately $1,639,000. Williams Companies accounts for about 0.9% of YANKCOM Partnership’s investment portfolio, making the stock its 24th biggest position.

A number of other large investors also recently modified their holdings of WMB. AlphaMark Advisors LLC acquired a new stake in shares of Williams Companies in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter worth approximately $30,000. Financial Life Planners bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $30,000. Rosenberg Matthew Hamilton boosted its position in shares of Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Williams Companies during the third quarter worth $38,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 2.1 %

Shares of WMB stock opened at $56.86 on Thursday. 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 business has a 50-day moving average of $56.03 and a 200 day moving average of $51.03. The stock has a market capitalization of $69.32 billion, a PE ratio of 23.99, a P/E/G ratio of 5.01 and a beta of 1.05. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $61.46.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. Williams Companies’s payout ratio is 80.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WMB shares. Mizuho lifted their price objective 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. Scotiabank reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. Truist Financial boosted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Barclays lifted their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One investment 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. According to MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

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.