The Williams Companies, Inc. (NYSE:WMB) Shares Bought by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 86,925.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,924 shares of the pipeline company’s stock after acquiring an additional 13,908 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Williams Companies were worth $754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMB. Barclays PLC increased its stake in Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after acquiring an additional 108,675 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Williams Companies by 63.5% during the 4th quarter. Brookstone Capital Management now owns 19,758 shares of the pipeline company’s stock worth $1,069,000 after purchasing an additional 7,676 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Williams Companies by 5.8% during the 4th quarter. Park Avenue Securities LLC now owns 65,747 shares of the pipeline company’s stock worth $3,558,000 after purchasing an additional 3,588 shares during the period. Apella Capital LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth about $219,000. Finally, Essex Savings Bank purchased a new stake in Williams Companies in the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling

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

Williams Companies Stock Performance

NYSE:WMB opened at $58.77 on Friday. The Williams Companies, Inc. has a 52 week low of $39.88 and a 52 week high of $61.67. The company has a fifty day simple moving average of $58.24 and a two-hundred day simple moving average of $56.87. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The company has a market cap of $71.66 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the business posted $0.59 earnings per share. Williams Companies’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s dividend payout ratio is presently 106.95%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WMB. Truist Financial increased their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Citigroup increased their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their target price on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Barclays upped their price target on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Finally, CIBC lifted their price objective on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.50.

About Williams Companies

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.