Williamson Legacy Group LLC Acquires Shares of 4,759 The Williams Companies, Inc. (NYSE:WMB)

Williamson Legacy Group LLC acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,759 shares of the pipeline company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new position in Williams Companies during the fourth quarter valued at $1,186,000. Yelin Lapidot Holdings Management Ltd. bought a new position in Williams Companies during the fourth quarter valued at $266,000. Pettyjohn Wood & White Inc. bought a new position in Williams Companies during the fourth quarter valued at $206,000. Parkside Financial Bank & Trust grew its holdings in Williams Companies by 6.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,174 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 255 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of Williams Companies by 5.2% in the fourth quarter. QRG Capital Management Inc. now owns 183,795 shares of the pipeline company’s stock worth $9,947,000 after acquiring an additional 9,124 shares during the period. 86.44% of the stock is owned by institutional investors.

Insider Activity

In related 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of analyst reports. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. 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 report on Tuesday, November 26th. Truist Financial raised 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. UBS Group raised their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Barclays raised their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $54.21.

Williams Companies Trading Up 3.5 %

NYSE WMB opened at $58.25 on Friday. The stock’s 50-day simple moving average is $56.53 and its two-hundred day simple moving average is $52.66. The Williams Companies, Inc. has a twelve month low of $35.38 and a twelve month high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $71.00 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) 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%. Research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

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.