StrongBox Wealth LLC Purchases Shares of 6,145 The Williams Companies, Inc. (NYSE:WMB)

StrongBox Wealth LLC purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,145 shares of the pipeline company’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in Williams Companies during the third quarter valued at approximately $30,000. Rosenberg Matthew Hamilton grew its stake in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the last quarter. Quarry LP acquired a new stake in shares of Williams Companies in the second quarter worth $35,000. FSA Wealth Management LLC acquired a new stake in shares of Williams Companies in the third quarter worth $38,000. Finally, Fortitude Family Office LLC grew its stake in shares of Williams Companies by 120.8% in the third quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 545 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Down 0.2 %

Shares of NYSE WMB opened at $57.95 on Thursday. The stock has a market cap of $70.64 billion, a PE ratio of 24.45, a PEG ratio of 5.36 and a beta of 1.06. The business has a fifty day moving average of $55.95 and a two-hundred day moving average of $49.46. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

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

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.475 dividend. 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 3.28%. Williams Companies’s dividend payout ratio is 80.17%.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total value 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 $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WMB shares. UBS Group raised their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. Truist Financial raised their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada raised their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

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.