Castlekeep Investment Advisors LLC Invests $542,000 in The Williams Companies, Inc. (NYSE:WMB)

Castlekeep Investment Advisors LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,012 shares of the pipeline company's stock, valued at approximately $542,000.

Several other large investors also recently modified their holdings of the stock. Quent Capital LLC bought a new position in Williams Companies during the fourth quarter worth about $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies during the fourth quarter worth about $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies during the fourth quarter worth about $27,000. Sandy Spring Bank bought a new position in Williams Companies during the fourth quarter worth about $27,000. Finally, Hoey Investments Inc. bought a new position in Williams Companies during the fourth quarter worth about $28,000. 86.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction that occurred on Friday, March 7th. The shares were 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 directly owns 714,693 shares in the company, valued at $37,907,316.72. This trade represents a 11.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 approximately $4,627,229.10. This represents a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,583 shares of company stock worth $6,095,318 in the last ninety days. Company insiders own 0.44% of the company's stock.

Williams Companies Price Performance

Shares of WMB traded down $0.22 during mid-day trading on Friday, reaching $60.05. The company had a trading volume of 2,441,225 shares, compared to its average volume of 6,685,343. The company's 50 day simple moving average is $58.35 and its 200 day simple moving average is $57.19. The Williams Companies, Inc. has a 1-year low of $40.11 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The company has a market capitalization of $73.22 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 5.01 and a beta of 0.66.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share 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 for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company posted $0.59 EPS. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. Analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.33%. Williams Companies's dividend payout ratio is presently 106.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on WMB shares. Wells Fargo & Company raised their price target on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday. CIBC raised their target price on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Truist Financial raised their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a report on Friday, February 14th. Citigroup raised their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley raised their target price on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.75.

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.