Consolidated Planning Corp Has $4.73 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Consolidated Planning Corp raised its position in The Williams Companies, Inc. (NYSE:WMB) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,644 shares of the pipeline company’s stock after acquiring an additional 8,344 shares during the quarter. Consolidated Planning Corp’s holdings in Williams Companies were worth $4,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in Williams Companies by 15.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after buying an additional 14,672 shares during the period. Brendel Financial Advisors LLC boosted its position in Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after purchasing an additional 419 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Williams Companies by 1,855.7% in the third quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock valued at $1,918,000 after purchasing an additional 39,880 shares during the last quarter. M&G Plc acquired a new stake in shares of Williams Companies during the 1st quarter worth about $1,036,000. Finally, Russell Investments Group Ltd. grew its stake in Williams Companies by 58.1% in the 1st quarter. Russell Investments Group Ltd. now owns 1,404,198 shares of the pipeline company’s stock valued at $54,692,000 after buying an additional 515,823 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the topic of several research reports. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $58.00 in a research report on Friday, October 4th. CIBC upped their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Truist Financial boosted their target price on shares of Williams Companies from $42.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.38.

Insider Buying and Selling at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $55.44 on Friday. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $55.79. The company has a market cap of $67.57 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 6.19 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $48.40 and a 200 day simple moving average of $44.14.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.90% and a net margin of 27.36%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

About Williams Companies

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.