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

Tower Wealth Partners Inc. increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,591 shares of the pipeline company’s stock after purchasing an additional 191 shares during the quarter. Tower Wealth Partners Inc.’s holdings in Williams Companies were worth $248,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after buying an additional 5,697,605 shares in the last quarter. Amundi grew its stake in Williams Companies by 28.8% in the 4th quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock valued at $495,215,000 after acquiring an additional 1,964,421 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after acquiring an additional 1,555,667 shares in the last quarter. National Bank of Canada FI raised its position in Williams Companies by 224.1% during the third quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after acquiring an additional 922,550 shares during the last quarter. Finally, Castle Hook Partners LP lifted its holdings in shares of Williams Companies by 31.7% in the third quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock valued at $136,461,000 after purchasing an additional 718,915 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WMB shares. Truist Financial lifted their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. The Goldman Sachs Group raised their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. UBS Group upped their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays lifted their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Royal Bank of Canada boosted their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.07.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 133,048 shares in the company, valued at $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction dated 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 owns 22,339 shares of the company’s stock, valued at approximately $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Williams Companies Stock Performance

NYSE:WMB opened at $54.37 on Monday. The Williams Companies, Inc. has a fifty-two week low of $35.78 and a fifty-two week high of $61.46. The firm’s 50 day moving average is $56.70 and its two-hundred day moving average is $53.20. The company has a market cap of $66.30 billion, a P/E ratio of 29.71, a P/E/G ratio of 5.01 and a beta of 1.03. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

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

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.