Congress Wealth Management LLC DE Makes New $703,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

Congress Wealth Management LLC DE acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,995 shares of the pipeline company's stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMB. Board of the Pension Protection Fund bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $720,000. Foundations Investment Advisors LLC boosted its position in Williams Companies by 13.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock valued at $8,811,000 after buying an additional 19,782 shares during the last quarter. Golden State Equity Partners boosted its position in Williams Companies by 319.9% in the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock valued at $651,000 after buying an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC increased its stake in shares of Williams Companies by 81.4% in the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company's stock valued at $10,062,000 after buying an additional 83,429 shares during the period. Finally, Myriad Asset Management US LP bought a new stake in shares of Williams Companies during the fourth quarter worth $995,000. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on WMB. Morgan Stanley lifted their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Scotiabank boosted their price target on shares of Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 6th. Citigroup increased their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Royal Bank of Canada lifted 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, Truist Financial increased 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of "Hold" and an average price target of $56.07.

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Williams Companies Stock Up 1.0 %

Shares of WMB stock traded up $0.58 during trading hours on Monday, hitting $59.77. 8,266,848 shares of the company were exchanged, compared to its average volume of 6,500,109. The company has a market capitalization of $72.88 billion, a PE ratio of 32.66, a PEG ratio of 5.01 and a beta of 1.03. The business has a 50 day moving average of $57.30 and a two-hundred day moving average of $54.60. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

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

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.35%. Williams Companies's payout ratio is 109.29%.

Insider Transactions at Williams Companies

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 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 represents a 8.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Chad A. Teply sold 26,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were 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 $7,511,890.08. This represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. Insiders own 0.44% of the company's stock.

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.