Curated Wealth Partners LLC Takes $304,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Curated Wealth Partners LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,612 shares of the pipeline company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies in the 3rd quarter worth $30,000. Rosenberg Matthew Hamilton lifted its position in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. Quarry LP purchased a new stake in Williams Companies in the 2nd quarter valued at approximately $35,000. FSA Wealth Management LLC acquired a new position in Williams Companies during the 3rd quarter worth approximately $38,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Williams Companies during the 2nd quarter worth approximately $42,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on WMB. UBS Group lifted their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America began coverage on shares of Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Scotiabank reiterated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. Royal Bank of Canada boosted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Truist Financial increased their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.00.

Insider Buying and Selling

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the business’s 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 directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.44% of the stock is owned by company insiders.

Williams Companies Stock Performance

Williams Companies stock opened at $59.64 on Friday. 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 Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The stock has a fifty day moving average of $56.41 and a two-hundred day moving average of $50.18. The company has a market capitalization of $72.70 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 5.31 and a beta of 1.06.

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

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend 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.