Harbor Capital Advisors Inc. Has $1.93 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Harbor Capital Advisors Inc. increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,660 shares of the pipeline company’s stock after buying an additional 872 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Williams Companies were worth $1,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies during the 3rd quarter worth approximately $30,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies during the second quarter worth $34,000. Rosenberg Matthew Hamilton boosted its stake in Williams Companies by 50.4% during the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares in the last quarter. Quarry LP bought a new stake in Williams Companies in the 2nd quarter valued at $35,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Williams Companies in the 3rd quarter valued at $38,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of analyst reports. Scotiabank reissued a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research note on Friday. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. Truist Financial boosted their price target on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. Finally, Citigroup boosted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Stock Down 1.4 %

NYSE:WMB opened at $55.61 on Friday. The stock’s fifty day moving average price is $55.77 and its two-hundred day moving average price is $49.21. The company has a market cap of $67.79 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 5.60 and a beta of 1.06. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

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

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insider Buying and Selling at Williams Companies

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

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.