Scissortail Wealth Management LLC Increases Stake in The Williams Companies, Inc. (NYSE:WMB)

Scissortail Wealth Management LLC raised its stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 86,925.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,924 shares of the pipeline company's stock after acquiring an additional 13,908 shares during the quarter. Scissortail Wealth Management LLC's holdings in Williams Companies were worth $754,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Siemens Fonds Invest GmbH lifted its stake in shares of Williams Companies by 45.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 22,800 shares of the pipeline company's stock valued at $1,234,000 after purchasing an additional 7,113 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Williams Companies during the fourth quarter valued at $276,000. Raiffeisen Bank International AG purchased a new position in Williams Companies in the fourth quarter valued at $13,015,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Williams Companies in the fourth quarter worth about $1,144,000. Finally, Resolution Capital Ltd purchased a new stake in shares of Williams Companies during the 4th quarter worth about $2,858,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Insider Buying and Selling at Williams Companies

In other news, COO Micheal G. Dunn sold 96,687 shares of the company'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 value of $5,128,278.48. Following the completion of the sale, the chief operating officer now directly owns 714,693 shares in the company, valued at $37,907,316.72. This represents a 11.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 8,896 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total value of $511,520.00. Following the completion of the sale, the chief accounting officer now directly owns 22,339 shares of the company's stock, valued at approximately $1,284,492.50. This represents a 28.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,583 shares of company stock worth $7,563,278. Insiders own 0.44% of the company's stock.

Williams Companies Stock Down 0.0%

NYSE WMB opened at $58.77 on Friday. The business has a fifty day moving average price of $58.24 and a 200 day moving average price of $56.87. 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 cap of $71.66 billion, a P/E ratio of 32.11, a P/E/G ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a one year low of $39.88 and a one year high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last issued its 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. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. Research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.40%. Williams Companies's payout ratio is 106.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Truist Financial lifted their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research note on Friday. Barclays increased their target price on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Finally, CIBC boosted 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.50.

Williams Companies Company 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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