Segment Wealth Management LLC Has $1.52 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Segment Wealth Management LLC boosted its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,132 shares of the pipeline company’s stock after buying an additional 240 shares during the period. Segment Wealth Management LLC’s holdings in Williams Companies were worth $1,523,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WMB. Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies in the third quarter valued at about $30,000. Rosenberg Matthew Hamilton boosted 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 valued at $34,000 after purchasing an additional 252 shares during the period. Quarry LP acquired a new position in shares of Williams Companies during the 2nd quarter worth approximately $35,000. FSA Wealth Management LLC bought a new position in shares of Williams Companies during the third quarter worth approximately $38,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Williams Companies in the second quarter valued at approximately $42,000. 86.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial raised their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. Bank of America started coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.00.

Williams Companies Trading Up 0.1 %

Shares of WMB stock opened at $59.22 on Tuesday. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The stock’s fifty day simple moving average is $56.13 and its 200 day simple moving average is $49.81. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $72.19 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.30 and a beta of 1.06.

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

Williams Companies Announces Dividend

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

Insider Transactions at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is 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.