Greenland Capital Management LP Invests $932,000 in The Williams Companies, Inc. (NYSE:WMB)

Greenland Capital Management LP bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,230 shares of the pipeline company's stock, valued at approximately $932,000.

Several other hedge funds have also modified their holdings of WMB. Bank of Nova Scotia increased its position in shares of Williams Companies by 22.3% during the fourth quarter. Bank of Nova Scotia now owns 2,613,284 shares of the pipeline company's stock worth $141,431,000 after purchasing an additional 477,309 shares in the last quarter. Shelton Capital Management lifted its holdings in Williams Companies by 22.7% in the fourth quarter. Shelton Capital Management now owns 94,686 shares of the pipeline company's stock valued at $5,124,000 after acquiring an additional 17,488 shares during the period. Twin Capital Management Inc. purchased a new stake in Williams Companies during the fourth quarter worth about $873,000. Polymer Capital Management US LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $474,000. Finally, ArchPoint Investors acquired a new stake in Williams Companies in the fourth quarter valued at $227,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

WMB stock traded up $1.17 on Friday, reaching $56.24. The company's stock had a trading volume of 7,477,342 shares, compared to its average volume of 6,666,684. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67. The company has a market capitalization of $68.58 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 5.01 and a beta of 0.87. The firm has a fifty day moving average of $57.22 and a two-hundred day moving average of $55.43. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

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

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. This is an increase from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. Williams Companies's dividend payout ratio is currently 109.29%.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of recent research reports. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Citigroup raised their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Barclays boosted their price target on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Royal Bank of Canada raised their target price on Williams Companies from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $56.07.

Insiders Place Their Bets

In other news, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction dated 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 sale, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. The trade was a 16.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the sale, 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 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 over the last ninety days. 0.44% of the stock is currently owned by company insiders.

Williams Companies Company 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.