Parsons Capital Management Inc. RI Grows Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Parsons Capital Management Inc. RI grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,570 shares of the pipeline company’s stock after purchasing an additional 520 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Williams Companies were worth $410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Board of the Pension Protection Fund purchased a new stake in Williams Companies in the 4th quarter valued at about $720,000. Hennion & Walsh Asset Management Inc. grew its holdings in Williams Companies by 17.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock valued at $4,074,000 after purchasing an additional 10,950 shares during the period. Cornerstone Wealth Group LLC increased its position in Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after purchasing an additional 83,429 shares during the last quarter. Brendel Financial Advisors LLC raised its stake 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. Finally, World Investment Advisors LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at $545,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Scotiabank restated a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Truist Financial boosted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. CIBC raised their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $53.00.

Insider Buying and Selling

In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $55.19 on Wednesday. The business has a 50 day moving average price of $56.40 and a two-hundred day moving average price of $50.49. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The firm has a market cap of $67.28 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 5.31 and a beta of 1.06. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last issued its quarterly 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 net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.44%. 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.