Alteri Wealth LLC Acquires Shares of 16,750 The Williams Companies, Inc. (NYSE:WMB)

Alteri Wealth LLC purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,750 shares of the pipeline company's stock, valued at approximately $906,000.

A number of other hedge funds also recently made changes to their positions in the business. Board of the Pension Protection Fund acquired a new position in Williams Companies during the 4th quarter valued at about $720,000. Foundations Investment Advisors LLC raised its holdings in shares of Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock valued at $8,811,000 after acquiring an additional 19,782 shares during the period. Golden State Equity Partners lifted its stake in Williams Companies by 319.9% in the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock worth $651,000 after acquiring an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC grew 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 valued at $10,062,000 after purchasing an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP purchased a new position in Williams Companies during the fourth quarter valued at approximately $995,000. Institutional investors own 86.44% of the company's stock.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 8,896 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares in the company, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

WMB traded up $0.30 during midday trading on Wednesday, reaching $59.00. The company's stock had a trading volume of 7,946,749 shares, compared to its average volume of 6,658,150. 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 company has a fifty day simple moving average of $57.89 and a 200 day simple moving average of $56.58. The stock has a market cap of $71.94 billion, a P/E ratio of 32.24, a PEG ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a twelve month low of $38.76 and a twelve month high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Williams Companies's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Research analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.39%. Williams Companies's dividend payout ratio is currently 109.29%.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. CIBC boosted their target price on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Morgan Stanley raised their price target on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Barclays lifted their price target on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Finally, Scotiabank raised their price objective on shares of Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.15.

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.