Opal Wealth Advisors LLC Takes $52,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Opal Wealth Advisors LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,335 shares of the pipeline company’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WMB. Acadian Asset Management LLC boosted its holdings in Williams Companies by 6.9% in the third quarter. Acadian Asset Management LLC now owns 37,435 shares of the pipeline company’s stock valued at $1,261,000 after acquiring an additional 2,416 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in Williams Companies by 131.8% in the third quarter. Dark Forest Capital Management LP now owns 15,236 shares of the pipeline company’s stock valued at $513,000 after acquiring an additional 8,663 shares during the last quarter. LPL Financial LLC boosted its holdings in Williams Companies by 5.4% in the third quarter. LPL Financial LLC now owns 2,782,844 shares of the pipeline company’s stock valued at $93,754,000 after acquiring an additional 142,480 shares during the last quarter. Mariner LLC boosted its holdings in Williams Companies by 1.7% in the third quarter. Mariner LLC now owns 627,649 shares of the pipeline company’s stock valued at $21,145,000 after acquiring an additional 10,349 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in Williams Companies in the third quarter valued at approximately $294,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Buying and Selling

In related news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction dated Thursday, May 9th. The stock was 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 owns 60,410 shares of the company’s stock, valued at approximately $2,392,840.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Trading Up 0.7 %

Shares of Williams Companies stock opened at $42.37 on Monday. The Williams Companies, Inc. has a 1 year low of $30.59 and a 1 year high of $43.20. The firm has a market cap of $51.64 billion, a PE ratio of 17.67, a P/E/G ratio of 6.65 and a beta of 1.05. The stock has a fifty day moving average price of $40.13 and a 200-day moving average price of $37.32. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the firm posted $0.56 EPS. The business’s revenue was down 10.1% compared to the same quarter last year. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial upped their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. CIBC increased their price target on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Morgan Stanley increased their price target on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Royal Bank of Canada increased their price target on Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Finally, UBS Group increased their price target on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.42.

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.