The Williams Companies, Inc. (NYSE:WMB) Position Raised by MGO One Seven LLC

MGO One Seven LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 23.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 81,428 shares of the pipeline company’s stock after acquiring an additional 15,357 shares during the period. MGO One Seven LLC’s holdings in Williams Companies were worth $4,407,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Quantessence Capital LLC bought a new position in Williams Companies in the 4th quarter worth about $1,877,000. Alta Advisers Ltd boosted its position in shares of Williams Companies by 6.7% during the fourth quarter. Alta Advisers Ltd now owns 3,949 shares of the pipeline company’s stock worth $214,000 after buying an additional 249 shares during the period. Uniplan Investment Counsel Inc. grew its holdings in Williams Companies by 0.8% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 210,825 shares of the pipeline company’s stock worth $11,410,000 after buying an additional 1,675 shares in the last quarter. State of Tennessee Department of Treasury increased its position in Williams Companies by 25.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 265,948 shares of the pipeline company’s stock valued at $14,393,000 after acquiring an additional 53,417 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Williams Companies by 27.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 67,548 shares of the pipeline company’s stock valued at $3,656,000 after acquiring an additional 14,749 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.5 %

Shares of Williams Companies stock opened at $58.47 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 1 year low of $37.69 and a 1 year high of $61.67. The stock has a 50-day moving average price of $57.51 and a 200 day moving average price of $55.99. The company has a market cap of $71.30 billion, a P/E ratio of 31.95, a P/E/G ratio of 5.01 and a beta of 0.87.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is currently 109.29%.

Wall Street Analysts Forecast Growth

WMB has been the subject of several recent analyst reports. CIBC increased their price target on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Scotiabank increased their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research report on Thursday, March 6th. Truist Financial boosted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. Finally, Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.77.

Insider Activity at Williams Companies

In other news, COO Micheal G. Dunn sold 96,687 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, the chief operating officer now directly owns 714,693 shares of the company’s stock, valued at $37,907,316.72. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. The trade was a 8.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,583 shares of company stock valued at $7,563,278. Insiders own 0.44% of the company’s stock.

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.