Fairman Group LLC Acquires Shares of 900 The Williams Companies, Inc. (NYSE:WMB)

Fairman Group LLC bought a new position in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 900 shares of the pipeline company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Williams Companies in the fourth quarter valued at about $306,417,000. ETF Store Inc. raised its position in shares of Williams Companies by 3.3% during the 4th quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock valued at $991,000 after acquiring an additional 899 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Williams Companies by 24.5% during the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock valued at $91,820,000 after acquiring an additional 518,009 shares in the last quarter. Rheos Capital Works Inc. boosted its holdings in Williams Companies by 59.0% in the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock worth $22,988,000 after purchasing an additional 245,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Williams Companies by 6.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,350,514 shares of the pipeline company’s stock worth $49,037,000 after purchasing an additional 77,524 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 1.4 %

Williams Companies stock opened at $41.83 on Wednesday. The company has a 50 day moving average price of $39.91 and a 200 day moving average price of $37.20. The firm has a market capitalization of $50.98 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 6.47 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $30.24 and a 52 week high of $41.94. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. Research analysts forecast that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a $0.475 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.54%. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

WMB has been the topic of a number of recent research reports. Wolfe Research restated an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a research report on Thursday, April 18th. Truist Financial lifted their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. UBS Group raised their price target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, StockNews.com upgraded Williams Companies from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and an average target price of $41.42.

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.