Congress Wealth Management LLC DE Makes New $703,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

Congress Wealth Management LLC DE bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 12,995 shares of the pipeline company’s stock, valued at approximately $703,000.

A number of other large investors also recently made changes to their positions in WMB. Quent Capital LLC bought a new stake in Williams Companies in the fourth quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new position in shares of Williams Companies during the 4th quarter worth about $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies in the 4th quarter valued at about $27,000. Sandy Spring Bank acquired a new stake in shares of Williams Companies in the 4th quarter valued at approximately $27,000. Finally, Legacy Investment Solutions LLC bought a new position in Williams Companies during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Chad A. Teply sold 26,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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 of the company’s stock, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Larry C. Larsen sold 8,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total value of $455,520.00. Following the sale, the senior vice president now directly owns 81,265 shares of the company’s stock, valued at $4,627,229.10. This represents a 8.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock valued at $7,563,278 over the last 90 days. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMB. Royal Bank of Canada upped their target price on shares of Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Tuesday, March 4th. CIBC upped 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. Morgan Stanley lifted their target price on Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays raised their price target on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Finally, Truist Financial increased their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.07.

Williams Companies Trading Down 0.3 %

Shares of Williams Companies stock opened at $59.24 on Friday. The Williams Companies, Inc. has a 12-month low of $37.18 and a 12-month high of $61.67. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The business’s 50 day moving average is $57.30 and its 200-day moving average is $54.46. The stock 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.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting 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 predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

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.