King Luther Capital Management Corp Has $5.39 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

King Luther Capital Management Corp lifted its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,496 shares of the pipeline company's stock after purchasing an additional 24,008 shares during the quarter. King Luther Capital Management Corp's holdings in Williams Companies were worth $5,385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Board of the Pension Protection Fund acquired a new position in shares of Williams Companies in the 4th quarter valued at approximately $720,000. Foundations Investment Advisors LLC raised its position in Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company's stock valued at $8,811,000 after purchasing an additional 19,782 shares in the last quarter. Golden State Equity Partners lifted its stake in Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company's stock worth $651,000 after purchasing an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC boosted its holdings 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 purchasing an additional 83,429 shares in the last quarter. Finally, Myriad Asset Management US LP bought a new position in shares of Williams Companies in the 4th quarter valued at $995,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction of $511,520.00. Following the completion of the sale, the chief accounting officer now owns 22,339 shares in the company, valued at $1,284,492.50. The trade was a 28.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction 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 directly owns 714,693 shares of the company's stock, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,583 shares of company stock worth $7,107,758. 0.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMB has been the subject of several recent analyst reports. Barclays upped their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. UBS Group upped their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Citigroup upped their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, Scotiabank boosted their price objective on Williams Companies from $51.00 to $53.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Williams Companies currently has a consensus rating of "Hold" and an average price target of $55.07.

Remove Ads

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $54.96 on Wednesday. The business has a 50-day moving average price of $56.71 and a two-hundred day moving average price of $53.33. The Williams Companies, Inc. has a 1-year low of $36.51 and a 1-year high of $61.46. 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 cap of $67.02 billion, a P/E ratio of 30.03, a PEG ratio of 5.01 and a beta of 1.03.

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

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Williams Companies's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.64%. Williams Companies's dividend payout ratio is currently 109.29%.

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.

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.