30,280 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by YANKCOM Partnership

YANKCOM Partnership acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,280 shares of the pipeline company’s stock, valued at approximately $1,639,000. Williams Companies makes up approximately 0.9% of YANKCOM Partnership’s holdings, making the stock its 24th largest position.

Several other large investors have also made changes to their positions in the business. Board of the Pension Protection Fund purchased a new stake in shares of Williams Companies in the 4th quarter valued at approximately $720,000. Foundations Investment Advisors LLC lifted its position in shares of Williams Companies by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after purchasing an additional 19,782 shares during the last quarter. Cornerstone Wealth Group LLC grew its position in shares of Williams Companies by 81.4% in the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after buying an additional 83,429 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Williams Companies by 17.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock worth $4,074,000 after purchasing an additional 10,950 shares in the last quarter. Finally, Golden State Equity Partners lifted its stake in Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after buying an additional 9,171 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of analyst reports. 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 report on Tuesday, November 26th. Mizuho boosted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Barclays increased their price objective on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Truist Financial boosted their price target on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.00.

Williams Companies Stock Up 2.1 %

Shares of WMB stock opened at $56.86 on Thursday. 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 stock has a market cap of $69.32 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 5.01 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $61.46. The firm’s 50-day moving average is $56.03 and its 200-day moving average is $51.03.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. Sell-side analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.50 dividend. This is an increase 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 3.52%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were 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. This represents a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.44% of the stock is owned by insiders.

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.