The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,591 shares of the pipeline company’s stock after buying an additional 191 shares during the period. Tower Wealth Partners Inc.’s holdings in Williams Companies were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new position in Williams Companies during the 4th quarter worth $25,000. Bank of Jackson Hole Trust purchased a new position in shares of Williams Companies in the 4th quarter valued at about $25,000. AlphaMark Advisors LLC acquired a new position in shares of Williams Companies during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies during the third quarter worth approximately $30,000. Finally, Financial Life Planners acquired a new stake in Williams Companies in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling at Williams Companies

In other news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the transaction, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at $1,284,492.50. This represents a 28.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $54.37 on Monday. The Williams Companies, Inc. has a one year low of $35.78 and a one year high of $61.46. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 5.01 and a beta of 1.03. The company has a 50-day simple moving average of $56.70 and a 200-day simple moving average of $53.20. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. Williams Companies’s dividend payout ratio (DPR) is currently 109.29%.

Wall Street Analyst Weigh In

Several research firms have commented on WMB. The Goldman Sachs Group boosted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. CIBC increased their target price on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. 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. Royal Bank of Canada upped their price target on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Finally, Truist Financial raised their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.07.

Williams Companies Company 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.