Twinbeech Capital LP Increases Position in The Williams Companies, Inc. (NYSE:WMB)

Twinbeech Capital LP raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 2,432.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,633 shares of the pipeline company's stock after buying an additional 307,011 shares during the period. Twinbeech Capital LP's holdings in Williams Companies were worth $17,299,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WMB. Barclays PLC boosted 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 valued at $149,326,000 after buying an additional 108,675 shares during the period. Ritholtz Wealth Management raised its stake in shares of Williams Companies by 24.9% during the fourth quarter. Ritholtz Wealth Management now owns 11,495 shares of the pipeline company's stock valued at $622,000 after acquiring an additional 2,292 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Williams Companies by 18.3% during the fourth quarter. HB Wealth Management LLC now owns 44,045 shares of the pipeline company's stock valued at $2,384,000 after acquiring an additional 6,804 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Williams Companies by 12.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 7,761 shares of the pipeline company's stock valued at $420,000 after acquiring an additional 841 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new position in shares of Williams Companies during the fourth quarter valued at about $275,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 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. This trade represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 714,693 shares in the company, valued at $37,907,316.72. This represents a 11.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by insiders.

Williams Companies Trading Down 0.5%

NYSE:WMB opened at $58.50 on Tuesday. The company's 50 day moving average price is $58.28 and its 200-day moving average price is $56.98. The Williams Companies, Inc. has a 52 week low of $39.88 and a 52 week high of $61.67. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The stock has a market cap of $71.33 billion, a price-to-earnings ratio of 31.97, a PEG 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 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 firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.90 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, June 13th. Williams Companies's payout ratio is 106.95%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a research note on Friday. CIBC upped their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Citigroup upped their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Truist Financial upped their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, Barclays upped their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Williams Companies has an average rating of "Moderate Buy" and an average price target of $60.50.

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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