The Williams Companies, Inc. (NYSE:WMB) Shares Bought by Ossiam

Ossiam lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,757 shares of the pipeline company’s stock after acquiring an additional 4,164 shares during the period. Ossiam’s holdings in Williams Companies were worth $1,524,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Western Pacific Wealth Management LP purchased a new position in shares of Williams Companies during the fourth quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Williams Companies in the 4th quarter valued at $26,000. CGC Financial Services LLC purchased a new position in Williams Companies in the 4th quarter valued at $35,000. CVA Family Office LLC purchased a new position in Williams Companies in the 4th quarter valued at $52,000. Finally, Salem Investment Counselors Inc. grew its position in Williams Companies by 121.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock valued at $58,000 after buying an additional 908 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the transaction, the senior vice president now owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Trading Up 1.9 %

NYSE:WMB opened at $41.48 on Tuesday. The company has a market capitalization of $50.55 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 6.41 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a 52-week low of $30.10 and a 52-week high of $41.89. The stock has a fifty day simple moving average of $39.64 and a 200-day simple moving average of $37.00.

Williams Companies (NYSE:WMBGet Free Report) last announced its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMB. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Morgan Stanley boosted their target price on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Stifel Nicolaus boosted their target price on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

Get Our Latest Research Report on WMB

Williams Companies Profile

(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.

See Also

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

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