Resolution Capital Ltd Takes $2.86 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Resolution Capital Ltd acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 52,817 shares of the pipeline company's stock, valued at approximately $2,858,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of Williams Companies during the fourth quarter valued at approximately $25,000. Bank of Jackson Hole Trust purchased a new stake in shares of Williams Companies in the fourth quarter worth $25,000. AlphaMark Advisors LLC purchased a new position in Williams Companies in the 4th quarter worth approximately $27,000. Sandy Spring Bank purchased a new stake in shares of Williams Companies in the fourth quarter worth about $27,000. Finally, Hoey Investments Inc. purchased a new position in shares of Williams Companies in the 4th quarter worth $28,000. 86.44% of the stock is owned by institutional investors.

Insider Activity at Williams Companies

In other news, SVP Larry C. Larsen sold 8,000 shares of the firm's stock in a transaction 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 $4,627,229.10. This trade represents a 8.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Chad A. Teply sold 26,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was 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 of the company's stock, valued at approximately $7,511,890.08. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,583 shares of company stock worth $7,563,278 over the last 90 days. Company insiders own 0.44% of the company's stock.

Williams Companies Stock Up 0.8%

Shares of Williams Companies stock traded up $0.49 on Tuesday, reaching $59.03. 2,190,947 shares of the company were exchanged, compared to its average volume of 7,568,206. The stock's 50 day moving average price is $58.28 and its 200-day moving average price is $56.98. The company has a market cap of $71.98 billion, a P/E ratio of 32.26, 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 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 results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The company 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%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. As a group, equities analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The firm 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 $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.39%. Williams Companies's dividend payout ratio is currently 106.95%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMB. Truist Financial raised their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Scotiabank raised their price target 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. Barclays lifted their price target on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, CIBC increased their price target on shares of Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.