Forum Financial Management LP Purchases 621 Shares of The Williams Companies, Inc. (NYSE:WMB)

Forum Financial Management LP increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,104 shares of the pipeline company’s stock after acquiring an additional 621 shares during the quarter. Forum Financial Management LP’s holdings in Williams Companies were worth $1,413,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Foundations Investment Advisors LLC raised its stake in shares of Williams Companies by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after acquiring an additional 19,782 shares in the last quarter. Golden State Equity Partners raised its stake in shares of Williams Companies by 319.9% during the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after acquiring an additional 9,171 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Williams Companies by 81.4% during the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after acquiring an additional 83,429 shares in the last quarter. Myriad Asset Management US LP bought a new position in shares of Williams Companies during the 4th quarter worth approximately $995,000. Finally, ING Groep NV raised its stake in shares of Williams Companies by 266.6% during the 4th quarter. ING Groep NV now owns 155,694 shares of the pipeline company’s stock worth $8,426,000 after acquiring an additional 113,227 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling

In related news, 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 sale, the senior vice president now directly owns 81,265 shares of the company’s stock, valued at approximately $4,627,229.10. This represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Chad A. Teply sold 26,000 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMB. 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 upped their price target on shares of Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Truist Financial upped their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Citigroup upped their price target on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company upped their price target on shares of Williams Companies from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.50.

Williams Companies Stock Up 2.2%

WMB stock opened at $58.99 on Friday. The firm’s fifty day simple moving average is $58.35 and its 200-day simple moving average is $57.09. The company has a market capitalization of $71.93 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 5.01 and a beta of 0.66. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a 12 month low of $40.06 and a 12 month high of $61.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The business had revenue of $3.05 billion for 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 business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s dividend payout ratio (DPR) is currently 106.95%.

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.