CreativeOne Wealth LLC Has $2.08 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

CreativeOne Wealth LLC grew its position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 54.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,363 shares of the pipeline company's stock after buying an additional 13,448 shares during the quarter. CreativeOne Wealth LLC's holdings in Williams Companies were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Williams Companies in the fourth quarter valued at $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies in the fourth quarter worth $27,000. Sandy Spring Bank acquired a new stake in Williams Companies during the fourth quarter worth $27,000. Finally, Hoey Investments Inc. bought a new position in shares of Williams Companies during the 4th quarter worth about $28,000. Institutional investors own 86.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WMB shares. Royal Bank of Canada increased their price target on shares of Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Citigroup raised their target price on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Barclays boosted their target price on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Finally, Morgan Stanley lifted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.77.

Insider Buying and Selling

In other news, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now owns 714,693 shares of the company's stock, valued at $37,907,316.72. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Larry C. Larsen sold 8,000 shares of Williams Companies stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the transaction, the senior vice president now owns 81,265 shares of the company's stock, valued at $4,627,229.10. This represents a 8.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 over the last ninety days. Company insiders own 0.44% of the company's stock.

Williams Companies Trading Down 2.2 %

NYSE:WMB traded down $1.32 on Monday, hitting $57.30. 660,708 shares of the stock were exchanged, compared to its average volume of 6,605,414. 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 Williams Companies, Inc. has a 52 week low of $37.69 and a 52 week high of $61.67. The stock has a market capitalization of $69.87 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 5.01 and a beta of 0.87. The company's 50-day moving average price is $57.43 and its 200 day moving average price is $55.91.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 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%. On average, equities research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.49%. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. Williams Companies's payout ratio is presently 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.