The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,904 shares of the pipeline company's stock after buying an additional 17,420 shares during the period. NEOS Investment Management LLC's holdings in Williams Companies were worth $3,946,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft lifted its stake in Williams Companies by 3.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company's stock worth $300,000 after purchasing an additional 180 shares during the last quarter. Albion Financial Group UT raised its holdings in Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company's stock worth $64,000 after purchasing an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC lifted its position in shares of Williams Companies by 3.8% during the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company's stock worth $275,000 after buying an additional 185 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of Williams Companies by 0.6% in the 4th quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock valued at $1,669,000 after buying an additional 186 shares in the last quarter. Finally, Tower Wealth Partners Inc. grew its position in shares of Williams Companies by 4.3% in the 4th quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock valued at $248,000 after buying an additional 191 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays raised their price objective on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Royal Bank of Canada raised their price target on Williams Companies from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. CIBC boosted their price objective on Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Citigroup increased their price objective on Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has an average rating of "Hold" and a consensus target price of $56.07.

Williams Companies Trading Up 0.8 %

Shares of NYSE:WMB traded up $0.45 during trading on Monday, reaching $59.64. The stock had a trading volume of 3,642,621 shares, compared to its average volume of 6,482,863. The business has a fifty day moving average price of $57.30 and a 200-day moving average price of $54.60. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The stock has a market cap of $72.72 billion, a P/E ratio of 32.53, a PEG ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a fifty-two week low of $37.18 and a fifty-two 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 earnings per share (EPS) for the quarter, hitting 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 anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.35%. This is an increase from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies's dividend payout ratio is presently 109.29%.

Insider Buying and Selling

In other news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Micheal G. Dunn sold 96,687 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the completion of the transaction, the chief operating officer now owns 714,693 shares in the company, valued at $37,907,316.72. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is currently owned by company insiders.

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.