Cyndeo Wealth Partners LLC Raises Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cyndeo Wealth Partners LLC grew its stake in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,307 shares of the pipeline company’s stock after buying an additional 2,497 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Williams Companies were worth $8,135,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WMB. Fifth Third Bancorp boosted its position in shares of Williams Companies by 99.6% in the fourth quarter. Fifth Third Bancorp now owns 206,861 shares of the pipeline company’s stock worth $11,195,000 after purchasing an additional 103,221 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Williams Companies by 20.1% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,334,570 shares of the pipeline company’s stock worth $72,227,000 after buying an additional 223,047 shares in the last quarter. Curated Wealth Partners LLC purchased a new stake in Williams Companies in the 4th quarter worth $304,000. Sound Income Strategies LLC raised its holdings in Williams Companies by 9.6% during the fourth quarter. Sound Income Strategies LLC now owns 2,463 shares of the pipeline company’s stock valued at $133,000 after acquiring an additional 216 shares during the period. Finally, RFG Advisory LLC purchased a new position in shares of Williams Companies in the fourth quarter valued at about $319,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 0.3 %

NYSE WMB opened at $59.64 on Friday. The stock has a market cap of $72.70 billion, a PE ratio of 25.17, a PEG ratio of 5.31 and a beta of 1.06. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $61.46. The company’s 50-day moving average price is $56.47 and its 200-day moving average price is $50.30. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMBGet Free Report) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Analyst Ratings Changes

Several analysts recently issued reports on WMB shares. UBS Group lifted their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho raised their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Bank of America initiated coverage on shares of Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. The Goldman Sachs Group increased their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One investment 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’s stock. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average price target of $53.00.

Read Our Latest Analysis on WMB

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

About Williams Companies

(Free Report)

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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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