Brooklyn FI LLC Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

Brooklyn FI LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,928 shares of the pipeline company's stock, valued at approximately $266,000.

Several other institutional investors have also modified their holdings of WMB. Quest Partners LLC acquired a new stake in Williams Companies during the 3rd quarter worth approximately $116,000. LMR Partners LLP bought a new position in shares of Williams Companies in the 3rd quarter valued at about $256,000. Caprock Group LLC raised its holdings in Williams Companies by 160.4% during the third quarter. Caprock Group LLC now owns 33,960 shares of the pipeline company's stock worth $1,550,000 after acquiring an additional 20,917 shares in the last quarter. Prospera Financial Services Inc boosted its position in Williams Companies by 7.2% during the third quarter. Prospera Financial Services Inc now owns 13,714 shares of the pipeline company's stock valued at $626,000 after purchasing an additional 917 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in Williams Companies by 124.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 37,084 shares of the pipeline company's stock valued at $1,693,000 after purchasing an additional 20,542 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. CIBC boosted 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. Scotiabank raised 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 note on Thursday, March 6th. Finally, Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $55.21.

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Insider Buying and Selling

In other news, SVP Larry C. Larsen sold 8,000 shares of the company'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 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 hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction 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 represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,583 shares of company stock valued at $7,563,278 over the last 90 days. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Performance

WMB stock traded up $1.54 during trading hours on Monday, hitting $61.14. 6,314,136 shares of the stock were exchanged, compared to its average volume of 6,182,036. The Williams Companies, Inc. has a 12 month low of $37.18 and a 12 month high of $61.54. 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 firm has a market capitalization of $74.55 billion, a P/E ratio of 33.41, a P/E/G ratio of 5.01 and a beta of 1.03. The company has a 50-day simple moving average of $57.09 and a two-hundred day simple moving average of $54.05.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts' consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This is a boost from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies's payout ratio is 109.29%.

About Williams Companies

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.