The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,086 shares of the pipeline company’s stock after buying an additional 10,132 shares during the period. Annex Advisory Services LLC’s holdings in Williams Companies were worth $3,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in Williams Companies by 82.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 181,789 shares of the pipeline company’s stock worth $6,332,000 after purchasing an additional 81,971 shares during the period. Eisler Capital UK Ltd. acquired a new stake in shares of Williams Companies in the fourth quarter valued at about $1,115,000. NEOS Investment Management LLC raised its holdings in shares of Williams Companies by 36.6% during the 4th quarter. NEOS Investment Management LLC now owns 17,305 shares of the pipeline company’s stock valued at $603,000 after buying an additional 4,632 shares during the period. Presima Securities ULC lifted its position in Williams Companies by 3.0% during the 4th quarter. Presima Securities ULC now owns 13,800 shares of the pipeline company’s stock worth $481,000 after acquiring an additional 400 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Williams Companies by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 2,196,764 shares of the pipeline company’s stock worth $76,513,000 after acquiring an additional 138,937 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Williams Companies Stock Performance

Shares of NYSE WMB traded up $0.27 during midday trading on Wednesday, hitting $41.59. The company’s stock had a trading volume of 4,827,143 shares, compared to its average volume of 6,775,958. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The Williams Companies, Inc. has a 1-year low of $29.86 and a 1-year high of $41.89. The firm’s fifty day moving average price is $39.45 and its 200-day moving average price is $36.85. The firm has a market cap of $50.68 billion, a P/E ratio of 17.47, a P/E/G ratio of 6.45 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, sell-side analysts forecast that The Williams Companies, Inc. will post 1.85 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Friday, June 7th. Williams Companies’s payout ratio is 79.83%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research reiterated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial lifted their target price on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Stifel Nicolaus lifted their price target on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $46.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.45.

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.