808 Shares in The Williams Companies, Inc. (NYSE:WMB) Purchased by Synergy Investment Management LLC

Synergy Investment Management LLC purchased a new position in The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 808 shares of the pipeline company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft raised its position in Williams Companies by 3.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after acquiring an additional 180 shares in the last quarter. Albion Financial Group UT raised its position in Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after acquiring an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC raised its position in Williams Companies by 3.8% in the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after acquiring an additional 185 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Williams Companies by 24.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 195 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in Williams Companies by 2.6% in the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after acquiring an additional 197 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the sale, the senior vice president now owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mary A. Hausman sold 8,896 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the sale, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at $1,284,492.50. The trade was a 28.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent analyst reports. 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. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. CIBC boosted their price objective on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group upped their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Truist Financial upped their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $54.93.

Williams Companies Trading Down 0.9 %

Shares of NYSE WMB opened at $56.31 on Thursday. The stock has a market cap of $68.66 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 5.01 and a beta of 1.03. The business has a 50 day simple moving average of $56.68 and a 200 day simple moving average of $53.00. The Williams Companies, Inc. has a 52 week low of $35.74 and a 52 week high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is presently 109.29%.

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.