The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Increased by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,852 shares of the pipeline company’s stock after purchasing an additional 844 shares during the period. Lake Street Private Wealth LLC’s holdings in Williams Companies were worth $587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Board of the Pension Protection Fund acquired a new stake in shares of Williams Companies during the fourth quarter worth $720,000. Brendel Financial Advisors LLC boosted its position in shares of Williams Companies by 0.8% in the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after buying an additional 419 shares during the period. World Investment Advisors LLC purchased a new position in shares of Williams Companies during the third quarter valued at $545,000. Swiss National Bank raised its position in Williams Companies by 0.3% during the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock valued at $165,130,000 after buying an additional 9,800 shares during the period. Finally, Valley National Advisers Inc. raised its position in Williams Companies by 1,855.7% during the third quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock valued at $1,918,000 after buying an additional 39,880 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated 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 approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

Williams Companies stock opened at $59.22 on Friday. The company has a market cap of $72.19 billion, a PE ratio of 24.99, a PEG ratio of 5.36 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 1 year low of $32.65 and a 1 year high of $60.36. The company’s 50-day moving average is $56.08 and its two-hundred day moving average is $49.59.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given 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 3.21%. Williams Companies’s payout ratio is currently 80.17%.

Analyst Upgrades and Downgrades

WMB has been the topic of several research analyst reports. Barclays lifted their target price on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Truist Financial lifted their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Bank of America initiated coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price for the company. Royal Bank of Canada lifted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Citigroup raised their price target on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies 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.