Innova Wealth Partners Purchases Shares of 4,184 The Williams Companies, Inc. (NYSE:WMB)

Innova Wealth Partners acquired a new position in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, Holdings Channel reports. The firm acquired 4,184 shares of the pipeline company’s stock, valued at approximately $226,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after buying an additional 5,697,605 shares during the period. Geode Capital Management LLC lifted its stake in Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Williams Companies by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after buying an additional 311,530 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Williams Companies by 8.8% in the second quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after acquiring an additional 618,056 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Williams Companies by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after purchasing an additional 67,016 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 value of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMB has been the topic of several recent research reports. Barclays raised their price target on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Bank of America started coverage on shares of Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target for the company. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $58.00 in a report on Friday, October 4th. Truist Financial boosted their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.07.

Williams Companies Stock Down 0.5 %

WMB opened at $55.55 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company has a market capitalization of $67.72 billion, a PE ratio of 23.44, a P/E/G ratio of 5.60 and a beta of 1.06. The stock’s fifty day moving average is $55.53 and its 200-day moving average is $48.98. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $60.36.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business earned $0.45 earnings per share. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

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.