Aaron Wealth Advisors LLC Buys New Position in The Williams Companies, Inc. (NYSE:WMB)

Aaron Wealth Advisors LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,084 shares of the pipeline company’s stock, valued at approximately $275,000.

Several other hedge funds also recently modified their holdings of WMB. Legacy Investment Solutions LLC purchased a new stake in Williams Companies in the 3rd quarter worth approximately $30,000. Rosenberg Matthew Hamilton grew its position in shares of Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the period. Quarry LP acquired a new position in Williams Companies in the second quarter valued at $35,000. FSA Wealth Management LLC purchased a new position in Williams Companies during the third quarter worth about $38,000. Finally, Fortitude Family Office LLC boosted its stake in Williams Companies by 120.8% in the 3rd quarter. Fortitude Family Office LLC now owns 996 shares of the pipeline company’s stock worth $45,000 after buying an additional 545 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of WMB stock opened at $59.22 on Tuesday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The company’s fifty day moving average price is $56.13 and its two-hundred day moving average price is $49.81. The firm has a market capitalization of $72.19 billion, a P/E ratio of 24.99, a P/E/G ratio of 5.36 and a beta of 1.06. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating 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 firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. Williams Companies’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared 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 dividend yield of 3.21%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WMB. The Goldman Sachs Group upped their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. 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 note on Tuesday, December 3rd. CIBC boosted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America started coverage on Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, UBS Group upped their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.00.

Insider Activity at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by corporate 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.