Private Portfolio Partners LLC Has $516,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Private Portfolio Partners LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,531 shares of the pipeline company’s stock after purchasing an additional 2,086 shares during the quarter. Private Portfolio Partners LLC’s holdings in Williams Companies were worth $516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quent Capital LLC acquired a new stake in Williams Companies in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Williams Companies in the 4th quarter valued at approximately $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at approximately $27,000. Sandy Spring Bank acquired a new position in Williams Companies during the 4th quarter worth approximately $27,000. Finally, Hoey Investments Inc. bought a new position in Williams Companies in the 4th quarter valued at approximately $28,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMB. Barclays upped their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Royal Bank of Canada increased their target price on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Citigroup lifted their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Scotiabank boosted their target price on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and an average target price of $56.07.

Insider Activity

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now owns 22,339 shares of the company’s stock, valued at approximately $1,284,492.50. This represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. Company insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 1.8 %

NYSE WMB opened at $61.64 on Thursday. The Williams Companies, Inc. has a one year low of $37.18 and a one year high of $61.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The business has a 50 day simple moving average of $57.36 and a 200 day simple moving average of $54.86. The stock has a market capitalization of $75.16 billion, a P/E ratio of 33.68, a P/E/G ratio of 5.01 and a beta of 1.03.

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

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 109.29%.

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.