Main Street Financial Solutions LLC Acquires Shares of 9,635 The Williams Companies, Inc. (NYSE:WMB)

Main Street Financial Solutions LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,635 shares of the pipeline company’s stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. Quent Capital LLC acquired a new position in Williams Companies during the 4th quarter worth $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the fourth quarter valued at about $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies in the fourth quarter worth about $27,000. Sandy Spring Bank bought a new stake in Williams Companies during the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. acquired a new position in Williams Companies during the 4th quarter valued at about $28,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Up 0.4 %

WMB opened at $58.49 on Friday. The firm’s fifty day simple moving average is $57.37 and its 200 day simple moving average is $55.72. The stock has a market capitalization of $71.32 billion, a P/E ratio of 31.96, a P/E/G ratio of 5.01 and a beta of 0.87. 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 12 month low of $37.27 and a 12 month high of $61.67.

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

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.50 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

Insider Transactions at Williams Companies

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMB. Citigroup boosted their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Truist Financial upped their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada raised their price target on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Barclays upped their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Finally, Scotiabank raised their target price on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.07.

Williams Companies Company 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.