Jackson Wealth Management LLC Acquires 3,137 Shares of The Williams Companies, Inc. (NYSE:WMB)

Jackson Wealth Management LLC boosted its position in The Williams Companies, Inc. (NYSE:WMB) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,532 shares of the pipeline company’s stock after buying an additional 3,137 shares during the quarter. Jackson Wealth Management LLC’s holdings in Williams Companies were worth $4,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ninety One UK Ltd grew its position in Williams Companies by 57.0% in the 4th quarter. Ninety One UK Ltd now owns 461,711 shares of the pipeline company’s stock worth $24,988,000 after purchasing an additional 167,699 shares during the last quarter. Mather Group LLC. lifted its holdings in Williams Companies by 3.0% during the 4th quarter. Mather Group LLC. now owns 9,620 shares of the pipeline company’s stock valued at $521,000 after purchasing an additional 280 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Williams Companies by 56.8% during the 4th quarter. Calamos Advisors LLC now owns 400,082 shares of the pipeline company’s stock valued at $21,652,000 after purchasing an additional 144,953 shares during the last quarter. Columbus Macro LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $7,002,000. Finally, abrdn plc raised its stake in shares of Williams Companies by 1.8% in the fourth quarter. abrdn plc now owns 1,504,850 shares of the pipeline company’s stock worth $81,367,000 after acquiring an additional 26,846 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. UBS Group upped their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, CIBC boosted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Price Performance

Shares of WMB opened at $55.73 on Wednesday. The firm has a market capitalization of $67.94 billion, a PE ratio of 23.52, a PEG ratio of 5.01 and a beta of 1.05. The company’s 50-day moving average is $56.08 and its 200-day moving average is $50.95. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

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

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.59%. Williams Companies’s dividend payout ratio is 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 dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.44% of the stock is currently owned by corporate 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.