Apollon Wealth Management LLC Purchases 697 Shares of The Williams Companies, Inc. (NYSE:WMB)

Apollon Wealth Management LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,817 shares of the pipeline company’s stock after acquiring an additional 697 shares during the quarter. Apollon Wealth Management LLC’s holdings in Williams Companies were worth $1,776,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WMB. Brookstone Capital Management grew its position in shares of Williams Companies by 38.0% in the third quarter. Brookstone Capital Management now owns 12,082 shares of the pipeline company’s stock valued at $552,000 after purchasing an additional 3,327 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Williams Companies by 477.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,215 shares of the pipeline company’s stock valued at $557,000 after buying an additional 10,100 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Williams Companies by 5.5% during the third quarter. Valeo Financial Advisors LLC now owns 6,459 shares of the pipeline company’s stock valued at $295,000 after buying an additional 337 shares during the period. Ritholtz Wealth Management boosted its position in shares of Williams Companies by 5.8% in the third quarter. Ritholtz Wealth Management now owns 9,203 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 506 shares during the period. Finally, CHICAGO TRUST Co NA purchased a new position in Williams Companies during the third quarter valued at approximately $246,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WMB. Truist Financial increased their target price on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. UBS Group lifted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Williams Companies Price Performance

WMB opened at $56.11 on Tuesday. 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’s 50 day simple moving average is $55.91 and its 200 day simple moving average is $51.30. The firm has a market cap of $68.40 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46.

Williams Companies Increases Dividend

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

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.