The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,747 shares of the pipeline company’s stock after acquiring an additional 3,588 shares during the period. Park Avenue Securities LLC’s holdings in Williams Companies were worth $3,558,000 as of its most recent filing with the Securities & Exchange Commission.

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

Williams Companies Trading Up 1.9 %

Shares of WMB stock opened at $59.13 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The company’s 50-day moving average price is $56.00 and its 200-day moving average price is $49.52. The stock has a market cap of $72.08 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 5.36 and a beta of 1.06.

Williams Companies (NYSE:WMB) last posted its 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 company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid 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 dividend payout ratio (DPR) is 80.17%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial increased their target price on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. CIBC lifted their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Royal Bank of Canada increased their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.