RWA Wealth Partners LLC Has $810,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

RWA Wealth Partners LLC raised its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.8% in the 4th quarter, Holdings Channel reports. The firm owned 14,965 shares of the pipeline company’s stock after acquiring an additional 688 shares during the period. RWA Wealth Partners LLC’s holdings in Williams Companies were worth $810,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WMB. Board of the Pension Protection Fund bought a new stake in shares of Williams Companies during the 4th quarter worth $720,000. Foundations Investment Advisors LLC raised its stake in Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after acquiring an additional 19,782 shares in the last quarter. Golden State Equity Partners raised its stake in Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after acquiring an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after acquiring an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP bought a new position in shares of Williams Companies in the fourth quarter worth about $995,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now owns 714,693 shares of the company’s stock, valued at $37,907,316.72. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,583 shares of company stock worth $7,563,278. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 1.0 %

NYSE:WMB opened at $59.77 on Tuesday. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The firm’s fifty day moving average is $57.31 and its 200-day moving average is $54.70. The firm has a market cap of $72.88 billion, a P/E ratio of 32.66, a P/E/G ratio of 5.01 and a beta of 1.03.

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

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.35%. Williams Companies’s payout ratio is 109.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. CIBC lifted their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Barclays raised their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Scotiabank upped their target price on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Finally, Morgan Stanley boosted their price target on Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.07.

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.