Campbell Capital Management Inc. Buys New Position in The Williams Companies, Inc. (NYSE:WMB)

Campbell Capital Management Inc. purchased a new position in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, HoldingsChannel reports. The firm purchased 700 shares of the pipeline company’s stock, valued at approximately $38,000.

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after purchasing an additional 5,697,605 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Williams Companies by 1.7% in the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after buying an additional 520,663 shares in the last quarter. Amundi lifted its holdings in shares of Williams Companies by 28.8% in the fourth quarter. Amundi now owns 8,781,963 shares of the pipeline company’s stock worth $495,215,000 after buying an additional 1,964,421 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Williams Companies by 2.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 8,425,933 shares of the pipeline company’s stock worth $456,012,000 after buying an additional 234,423 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Williams Companies by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,405,951 shares of the pipeline company’s stock worth $400,810,000 after buying an additional 166,741 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMB. The Goldman Sachs Group upped their price target 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. Scotiabank upped their price target on shares of Williams Companies from $51.00 to $53.00 and gave the company a “sector perform” rating in a research note on Thursday, March 6th. CIBC boosted their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Truist Financial boosted their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Citigroup boosted their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One 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 currently has a consensus rating of “Hold” and an average price target of $55.07.

Insiders Place Their Bets

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the transaction, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This represents a 16.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the transaction, the chief operating officer now owns 714,693 shares in the company, valued at approximately $37,907,316.72. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock worth $7,563,278 in the last three months. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 2.0 %

NYSE WMB opened at $57.33 on Friday. The company’s 50-day moving average price is $56.78 and its 200-day moving average price is $53.46. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The stock has a market cap of $69.91 billion, a PE ratio of 31.33, a PEG ratio of 5.01 and a beta of 1.03. The Williams Companies, Inc. has a 12 month low of $36.69 and a 12 month high of $61.46.

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

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.49%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 109.29%.

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.