The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC grew its holdings in The Williams Companies, Inc. (NYSE:WMB) by 29.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,878 shares of the pipeline company’s stock after purchasing an additional 5,015 shares during the period. Magnus Financial Group LLC’s holdings in Williams Companies were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in Williams Companies in the third quarter valued at about $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 252 shares during the last quarter. Quarry LP acquired a new position in shares of Williams Companies in the 2nd quarter worth approximately $35,000. FSA Wealth Management LLC acquired a new position in Williams Companies during the third quarter worth $38,000. Finally, Kimelman & Baird LLC acquired a new position in Williams Companies during the second quarter worth $42,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Truist Financial increased their price target on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. UBS Group increased their price target 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. Finally, Citigroup increased their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.00.

Williams Companies Price Performance

WMB stock opened at $60.60 on Wednesday. The company has a market cap of $73.87 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 5.30 and a beta of 1.06. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm has a 50 day moving average of $56.26 and a 200-day moving average of $50.05. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $61.01.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $0.45 earnings per share. Williams Companies’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.14%. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

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.