Advisors Capital Management LLC Purchases 5,403 Shares of The Williams Companies, Inc. (NYSE:WMB)

Advisors Capital Management LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 751,390 shares of the pipeline company's stock after acquiring an additional 5,403 shares during the quarter. Advisors Capital Management LLC owned about 0.06% of Williams Companies worth $40,665,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Williams Companies by 3.4% during the 3rd quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company's stock worth $149,326,000 after buying an additional 108,675 shares during the period. Sunbelt Securities Inc. raised its position in shares of Williams Companies by 12.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,899 shares of the pipeline company's stock valued at $87,000 after acquiring an additional 212 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at $545,000. Wilmington Savings Fund Society FSB bought a new position in shares of Williams Companies in the 3rd quarter worth $1,346,000. Finally, Tidal Investments LLC grew its stake in shares of Williams Companies by 0.5% during the third quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company's stock worth $1,895,000 after purchasing an additional 207 shares during the period. Institutional investors own 86.44% of the company's stock.

Insider Activity at Williams Companies

In related news, 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 completion of the transaction, the senior vice president now directly owns 133,048 shares of the company's stock, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Mary A. Hausman sold 8,896 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $57.50, for a total value of $511,520.00. Following the transaction, the chief accounting officer now directly owns 22,339 shares in the company, valued at $1,284,492.50. This trade represents a 28.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company's stock.

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Williams Companies Stock Up 2.0 %

Shares of Williams Companies stock traded up $1.16 during trading on Tuesday, reaching $58.52. The stock had a trading volume of 5,439,297 shares, compared to its average volume of 6,644,896. 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 market capitalization of $71.35 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 5.01 and a beta of 0.87. The stock has a fifty day moving average price of $57.27 and a two-hundred day moving average price of $55.61. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Sell-side analysts predict that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.50 per share. This is a boost from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.42%. Williams Companies's dividend payout ratio is presently 109.29%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMB. Citigroup increased their target price on 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 increased their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. CIBC boosted their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Royal Bank of Canada increased their target price on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, Barclays lifted 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $56.07.

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.