The Williams Companies, Inc. (NYSE:WMB) Stake Boosted by Napa Wealth Management

Napa Wealth Management increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.7% during the fourth quarter, Holdings Channel reports. The fund owned 7,190 shares of the pipeline company’s stock after acquiring an additional 190 shares during the quarter. Napa Wealth Management’s holdings in Williams Companies were worth $389,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WMB. Barclays PLC boosted its stake in shares of Williams Companies by 3.4% during the 3rd quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock valued at $149,326,000 after buying an additional 108,675 shares during the period. Czech National Bank increased its position in Williams Companies by 6.4% in the 4th quarter. Czech National Bank now owns 264,306 shares of the pipeline company’s stock worth $14,304,000 after purchasing an additional 15,997 shares during the last quarter. Brookstone Capital Management raised its stake 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 in the last quarter. Wedmont Private Capital lifted its holdings in shares of Williams Companies by 5.7% during the 4th quarter. Wedmont Private Capital now owns 20,290 shares of the pipeline company’s stock valued at $1,127,000 after buying an additional 1,098 shares during the last quarter. Finally, Cooper Financial Group grew its stake in shares of Williams Companies by 16.3% in the 4th quarter. Cooper Financial Group now owns 6,724 shares of the pipeline company’s stock valued at $364,000 after buying an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Williams Companies stock opened at $58.09 on Wednesday. The Williams Companies, Inc. has a 12-month low of $39.64 and a 12-month high of $61.67. The stock has a 50-day simple moving average of $57.99 and a 200 day simple moving average of $56.77. 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 stock has a market capitalization of $70.83 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Williams Companies’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. On average, research analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. Williams Companies’s payout ratio is 106.95%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Tuesday, March 4th. CIBC increased their target price on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Morgan Stanley lifted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Truist Financial raised their price target 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. Finally, Wells Fargo & Company increased their target price on Williams Companies from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Williams Companies presently has an average rating of “Moderate Buy” and a consensus target price of $60.50.

Insiders Place Their Bets

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the transaction, the chief accounting officer now owns 22,339 shares in the company, valued at $1,284,492.50. This represents a 28.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is currently owned by insiders.

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.