Physician Wealth Advisors Inc. Buys Shares of 1,345 The Williams Companies, Inc. (NYSE:WMB)

Physician Wealth Advisors Inc. purchased a new position in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,345 shares of the pipeline company’s stock, valued at approximately $73,000.

Several other hedge funds also recently made changes to their positions in WMB. Quent Capital LLC purchased a new stake in Williams Companies during the 4th quarter worth about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Williams Companies during the fourth quarter valued at about $25,000. AlphaMark Advisors LLC purchased a new stake in shares of Williams Companies in the fourth quarter worth about $27,000. Sandy Spring Bank bought a new position in shares of Williams Companies in the fourth quarter valued at approximately $27,000. Finally, Legacy Investment Solutions LLC purchased a new position in Williams Companies during the third quarter valued at approximately $30,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays raised their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Morgan Stanley lifted their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Citigroup upped their target price on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Truist Financial lifted their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, CIBC upped their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.07.

Insider Activity

In other news, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction dated 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 in the company, valued at approximately $37,907,316.72. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the transaction, the senior vice president now owns 133,048 shares in the company, valued at approximately $7,511,890.08. This represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is currently owned by company insiders.

Williams Companies Price Performance

WMB stock opened at $59.24 on Monday. The firm has a market cap of $72.24 billion, a P/E ratio of 32.37, a P/E/G ratio of 5.01 and a beta of 1.03. The firm’s fifty day moving average is $57.30 and its 200 day moving average is $54.60. The Williams Companies, Inc. has a 52 week low of $37.18 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.38%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is presently 109.29%.

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.