The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in The Williams Companies, Inc. (NYSE:WMB) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,278 shares of the pipeline company’s stock after acquiring an additional 10,950 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Williams Companies were worth $4,074,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund purchased a new stake in shares of Williams Companies in the 4th quarter valued at approximately $720,000. Brendel Financial Advisors LLC grew its stake in shares of 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 in the last quarter. World Investment Advisors LLC purchased a new position in Williams Companies in the third quarter valued at $545,000. Swiss National Bank raised its stake in Williams Companies by 0.3% in the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock valued at $165,130,000 after buying an additional 9,800 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of Williams Companies by 1,855.7% during the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after acquiring an additional 39,880 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMB. The Goldman Sachs Group raised their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial boosted their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. UBS Group increased their target price on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $53.00.

Williams Companies Trading Up 1.9 %

Shares of WMB stock opened at $59.13 on Friday. The company has a market capitalization of $72.08 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 5.36 and a beta of 1.06. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The business’s 50 day moving average is $56.00 and its two-hundred day moving average is $49.52. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.21%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is owned by insiders.

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.