Cyndeo Wealth Partners LLC Boosts Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cyndeo Wealth Partners LLC grew its position in The Williams Companies, Inc. (NYSE:WMB) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,307 shares of the pipeline company’s stock after purchasing an additional 2,497 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Williams Companies were worth $8,135,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Albion Financial Group UT raised its stake in Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after buying an additional 184 shares during the last quarter. Brooklyn Investment Group grew its position in Williams Companies by 2.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in Williams Companies by 10.1% during the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 200 shares in the last quarter. Dearborn Partners LLC raised its holdings in shares of Williams Companies by 1.1% in the third quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock worth $827,000 after buying an additional 201 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Williams Companies by 0.5% during the third quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after buying an additional 207 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMB shares. UBS Group upped their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Truist Financial raised their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Citigroup upped their target price on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group lifted their price objective 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. Finally, Mizuho increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Trading Up 0.3 %

Shares of WMB stock opened at $59.64 on Friday. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $61.46. The company has a market cap of $72.70 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 5.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a 50 day simple moving average of $56.47 and a 200-day simple moving average of $50.30.

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

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. Williams Companies’s payout ratio is currently 80.17%.

Insider Activity

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 directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.44% of the company’s stock.

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.