4,928 Shares in The Williams Companies, Inc. (NYSE:WMB) Purchased by Brooklyn FI LLC

Brooklyn FI LLC acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,928 shares of the pipeline company's stock, valued at approximately $266,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Williams Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company's stock valued at $7,054,876,000 after buying an additional 1,008,213 shares during the last quarter. Geode Capital Management LLC lifted its stake in Williams Companies by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 31,263,235 shares of the pipeline company's stock valued at $1,687,797,000 after acquiring an additional 540,533 shares during the last quarter. Blackstone Inc. grew its position in Williams Companies by 36.5% in the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock worth $1,025,795,000 after acquiring an additional 5,068,738 shares in the last quarter. Northern Trust Corp increased its stake in shares of Williams Companies by 12.5% during the 4th quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company's stock worth $824,623,000 after purchasing an additional 1,696,618 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Williams Companies during the 4th quarter valued at $575,103,000. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research report on Friday, May 16th. Scotiabank upped their price objective on shares of Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a report on Thursday, March 6th. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company raised their price target on Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.75.

Insider Activity at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now owns 81,265 shares in the company, valued at approximately $4,627,229.10. The trade was a 8.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now owns 714,693 shares of the company's stock, valued at $37,907,316.72. This trade represents a 11.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,583 shares of company stock valued at $6,095,318 in the last 90 days. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

Shares of NYSE WMB traded down $0.40 during trading hours on Thursday, reaching $60.22. The stock had a trading volume of 6,661,890 shares, compared to its average volume of 6,690,905. The company has a market cap of $73.43 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a twelve month low of $40.06 and a twelve month high of $61.67. The business's fifty day moving average is $58.36 and its two-hundred day moving average is $57.17. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

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

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, June 13th. Williams Companies's dividend payout ratio is 106.95%.

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.