Tower Research Capital LLC TRC grew its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 27.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,548 shares of the pipeline company's stock after buying an additional 14,749 shares during the quarter. Tower Research Capital LLC TRC's holdings in Williams Companies were worth $3,656,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in Williams Companies in the 4th quarter valued at about $720,000. Foundations Investment Advisors LLC lifted its position in shares of Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock worth $8,811,000 after acquiring an additional 19,782 shares in the last quarter. Golden State Equity Partners lifted its position in shares of Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock worth $651,000 after acquiring an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC increased its holdings in shares of Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company's stock worth $10,062,000 after purchasing an additional 83,429 shares during the period. Finally, Myriad Asset Management US LP bought a new stake in Williams Companies in the 4th quarter worth approximately $995,000. 86.44% of the stock is owned by institutional investors.
Williams Companies Stock Down 0.9 %
NYSE:WMB traded down $0.56 on Friday, reaching $59.05. The stock had a trading volume of 4,471,067 shares, compared to its average volume of 6,635,267. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average of $57.59 and a 200 day moving average of $56.22. The stock has a market cap of $72.01 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The Williams Companies, Inc. has a 12-month low of $37.69 and a 12-month high of $61.67.
Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.
Williams Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.50 per share. This is an increase from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Friday, March 14th. Williams Companies's payout ratio is 109.29%.
Analysts Set New Price Targets
WMB has been the topic of several research analyst reports. CIBC boosted their target price on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Scotiabank boosted their target price on shares of Williams Companies from $51.00 to $53.00 and gave the company a "sector perform" rating in a research report on Thursday, March 6th. Barclays upped their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Morgan Stanley upped their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada increased their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.77.
Check Out Our Latest Report on Williams Companies
Insider Buying and Selling
In other news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares of the company's stock, valued at approximately $4,627,229.10. This represents a 8.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Chad A. Teply sold 26,000 shares of the 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 of the company's stock, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company's stock.
Williams Companies Profile
(
Free Report)
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.
Further Reading
Before you consider Williams Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Williams Companies wasn't on the list.
While Williams Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
