Retireful LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

Retireful LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,439 shares of the pipeline company’s stock, valued at approximately $727,000.

Other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI raised its holdings in shares of Williams Companies by 78.7% in the second quarter. Citizens Financial Group Inc. RI now owns 12,994 shares of the pipeline company’s stock worth $552,000 after acquiring an additional 5,721 shares during the last quarter. Renaissance Technologies LLC raised its stake in Williams Companies by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,016,985 shares of the pipeline company’s stock valued at $43,222,000 after purchasing an additional 56,000 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Williams Companies by 0.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 263,620 shares of the pipeline company’s stock valued at $11,204,000 after purchasing an additional 1,468 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Williams Companies by 7.7% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 9,789 shares of the pipeline company’s stock worth $416,000 after purchasing an additional 700 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its holdings in shares of Williams Companies by 8.3% during the second quarter. Meiji Yasuda Life Insurance Co now owns 25,120 shares of the pipeline company’s stock worth $1,068,000 after buying an additional 1,920 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMB. Citigroup raised their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. The Goldman Sachs Group lifted their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. UBS Group increased their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Price Performance

WMB opened at $59.13 on Friday. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a 50 day moving average of $56.00 and a two-hundred day moving average of $49.52. The company has a market cap of $72.08 billion, a P/E ratio of 24.95, a P/E/G ratio of 5.36 and a beta of 1.06. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results 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. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.475 dividend. 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 3.21%. Williams Companies’s dividend payout ratio (DPR) is currently 80.17%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.