Tower Wealth Partners Inc. Buys 492 Shares of The Williams Companies, Inc. (NYSE:WMB)

Tower Wealth Partners Inc. grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,083 shares of the pipeline company’s stock after acquiring an additional 492 shares during the quarter. Tower Wealth Partners Inc.’s holdings in Williams Companies were worth $304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Williams Companies during the fourth quarter valued at $25,000. Bank of Jackson Hole Trust bought a new stake in Williams Companies in the 4th quarter worth about $25,000. Menard Financial Group LLC bought a new stake in Williams Companies in the 4th quarter worth about $26,000. Sandy Spring Bank bought a new stake in Williams Companies in the 4th quarter worth about $27,000. Finally, Hoey Investments Inc. bought a new stake in Williams Companies in the 4th quarter worth about $28,000. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Truist Financial lifted their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a report on Friday, May 16th. Morgan Stanley lifted their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Barclays boosted their price target on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Finally, CIBC boosted their price target 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.25.

Williams Companies Price Performance

WMB stock opened at $60.56 on Friday. The Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $61.67. 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 cap of $73.84 billion, a P/E ratio of 33.09, a PEG ratio of 5.01 and a beta of 0.65. The business’s 50-day moving average price is $58.43 and its 200-day moving average price is $57.35.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping 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 company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.30%. Williams Companies’s dividend payout ratio (DPR) is 106.95%.

Insider Transactions at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the business’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 transaction of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. The trade was a 8.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.44% of the company’s stock.

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.