Pines Wealth Management LLC Purchases New Shares in The Williams Companies, Inc. (NYSE:WMB)

Pines Wealth Management LLC purchased a new position in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,130 shares of the pipeline company’s stock, valued at approximately $285,000.

A number of other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its stake in Williams Companies by 50.4% in the third 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 last quarter. Quarry LP purchased a new position in shares of Williams Companies during the second quarter valued at approximately $35,000. FSA Wealth Management LLC bought a new position in shares of Williams Companies during the third quarter valued at approximately $38,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after buying an additional 545 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 0.2 %

Shares of NYSE:WMB opened at $57.95 on Thursday. The company has a market capitalization of $70.64 billion, a PE ratio of 24.45, a P/E/G ratio of 5.60 and a beta of 1.06. 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 12-month low of $32.65 and a 12-month high of $60.36. The business’s fifty day simple moving average is $55.95 and its 200-day simple moving average is $49.46.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) 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 return on equity of 15.89% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors 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 dividend yield of 3.28%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analyst Weigh In

Several equities analysts have commented on WMB shares. CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Scotiabank reissued a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research report on Friday, January 10th. Finally, Barclays raised their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by corporate 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.