The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC increased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 675.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,032 shares of the pipeline company’s stock after purchasing an additional 2,641 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Williams Companies were worth $164,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in shares of Williams Companies during the 4th quarter worth approximately $25,000. Bank of Jackson Hole Trust acquired a new position in Williams Companies during the fourth quarter worth $25,000. AlphaMark Advisors LLC purchased a new position in Williams Companies during the fourth quarter valued at $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies in the fourth quarter valued at about $27,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies during the third quarter worth about $30,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WMB shares. 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. Scotiabank boosted their price target on Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 6th. Royal Bank of Canada increased their price objective on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. Morgan Stanley upped their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, Barclays raised their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $56.07.

Williams Companies Stock Up 1.8 %

Shares of WMB opened at $61.64 on Thursday. The company’s 50-day moving average price is $57.36 and its 200 day moving average price is $54.86. The Williams Companies, Inc. has a 12-month low of $37.18 and a 12-month high of $61.67. 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 firm has a market cap of $75.16 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03.

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

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date was Friday, March 14th. This is a boost 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 3.24%. Williams Companies’s payout ratio is presently 109.29%.

Insider Activity at Williams Companies

In related news, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the completion of the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of the 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 sale, the chief operating officer now owns 714,693 shares in the company, valued at approximately $37,907,316.72. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,583 shares of company stock worth $7,563,278. 0.44% of the stock is currently owned by company insiders.

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.