Siemens Fonds Invest GmbH Acquires 7,113 Shares of The Williams Companies, Inc. (NYSE:WMB)

Siemens Fonds Invest GmbH lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 45.3% during the 4th quarter, Holdings Channel reports. The firm owned 22,800 shares of the pipeline company’s stock after purchasing an additional 7,113 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Williams Companies were worth $1,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at about $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Williams Companies during the 4th quarter valued at about $25,000. AlphaMark Advisors LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. Sandy Spring Bank bought a new stake in shares of Williams Companies during the 4th quarter valued at about $27,000. Finally, Hoey Investments Inc. bought a new stake in shares of Williams Companies during the 4th quarter valued at about $28,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $58.77 on Friday. The company has a market cap of $71.66 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66. The Williams Companies, Inc. has a 52 week low of $39.88 and a 52 week high of $61.67. The business has a 50 day moving average price of $58.24 and a 200-day moving average price of $56.87. 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 issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate 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 return on equity of 15.85% and a net margin of 21.17%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. Equities analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is presently 106.95%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMB. Barclays increased their price target on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Morgan Stanley increased their price target on Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a report on Friday. Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, CIBC increased their price target on Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.50.

Insider Transactions at Williams Companies

In related news, SVP Chad A. Teply sold 26,000 shares of the 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 completion of the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction that occurred 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. The trade was a 8.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock valued at $7,563,278 over the last ninety days. 0.44% of the stock is currently owned by insiders.

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.