Parr Mcknight Wealth Management Group LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

Parr Mcknight Wealth Management Group 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 114,000 shares of the pipeline company's stock, valued at approximately $6,170,000. Williams Companies accounts for about 0.9% of Parr Mcknight Wealth Management Group LLC's investment portfolio, making the stock its 27th biggest position.

Several other large investors also recently modified their holdings of WMB. Barclays PLC increased its position in Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company's stock worth $149,326,000 after acquiring an additional 108,675 shares during the period. Ameritas Advisory Services LLC grew its position in shares of Williams Companies by 12.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,761 shares of the pipeline company's stock worth $420,000 after purchasing an additional 841 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Williams Companies by 42.4% during the fourth quarter. Atomi Financial Group Inc. now owns 17,511 shares of the pipeline company's stock worth $948,000 after purchasing an additional 5,210 shares during the period. Simon Quick Advisors LLC increased its holdings in shares of Williams Companies by 13.7% during the fourth quarter. Simon Quick Advisors LLC now owns 7,960 shares of the pipeline company's stock worth $431,000 after purchasing an additional 960 shares during the period. Finally, XML Financial LLC raised its position in shares of Williams Companies by 7.5% in the fourth quarter. XML Financial LLC now owns 7,363 shares of the pipeline company's stock valued at $398,000 after buying an additional 513 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley raised their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Citigroup raised their price target on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research note on Friday, May 16th. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Finally, CIBC increased their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Williams Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.50.

Williams Companies Trading Down 0.3%

Shares of Williams Companies stock opened at $57.73 on Friday. The firm's 50 day moving average is $58.33 and its 200 day moving average is $57.04. The firm has a market capitalization of $70.39 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a 1 year low of $39.88 and a 1 year high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB - Get Free Report) last issued its 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 firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $0.59 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced 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 yield of 3.46%. Williams Companies's dividend payout ratio is currently 106.95%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the sale, the senior vice president now owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Larry C. Larsen sold 8,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 81,265 shares in the company, valued at $4,627,229.10. This represents a 8.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock worth $7,563,278 over the last quarter. Corporate insiders own 0.44% of the company's stock.

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.

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