Obermeyer Wealth Partners Invests $208,000 in The Williams Companies, Inc. (NYSE:WMB)

Obermeyer Wealth Partners acquired a new position in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,852 shares of the pipeline company’s stock, valued at approximately $208,000.

A number of other institutional investors also recently bought and sold shares of WMB. Meketa Capital LLC purchased a new stake in Williams Companies in the fourth quarter worth about $535,000. Napa Wealth Management grew its stake in shares of Williams Companies by 2.7% during the 4th quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company’s stock valued at $389,000 after acquiring an additional 190 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Williams Companies by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,313,057 shares of the pipeline company’s stock valued at $233,423,000 after acquiring an additional 110,978 shares during the period. MJP Associates Inc. ADV increased its holdings in Williams Companies by 7.5% in the 4th quarter. MJP Associates Inc. ADV now owns 8,101 shares of the pipeline company’s stock worth $438,000 after acquiring an additional 564 shares in the last quarter. Finally, Moore Capital Management LP bought a new stake in Williams Companies during the 4th quarter worth approximately $11,207,000. 86.44% of the stock is owned by institutional investors.

Insider Activity

In other Williams Companies news, CAO Mary A. Hausman sold 8,896 shares of Williams Companies stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $57.50, for a total transaction of $511,520.00. Following the completion of the transaction, the chief accounting officer now directly owns 22,339 shares of the company’s stock, valued at $1,284,492.50. The trade was a 28.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $56.94, for a total transaction of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This represents a 8.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,583 shares of company stock valued at $7,563,278. 0.44% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WMB shares. Barclays upped their price target on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Wells Fargo & Company lifted their price objective on shares of Williams Companies from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. CIBC upped their target price 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. Truist Financial lifted their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.50.

Williams Companies Price Performance

WMB stock opened at $58.09 on Wednesday. The Williams Companies, Inc. has a 52 week low of $39.64 and a 52 week high of $61.67. The firm has a market capitalization of $70.83 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66. The company has a fifty day simple moving average of $57.99 and a two-hundred day simple moving average of $56.77. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is 106.95%.

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.