Baker Tilly Wealth Management LLC Has $1.50 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Baker Tilly Wealth Management LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,739 shares of the pipeline company’s stock after selling 3,257 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Williams Companies were worth $1,501,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMB. Wellington Management Group LLP boosted its position in Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after acquiring an additional 5,697,605 shares during the period. Geode Capital Management LLC grew its position in Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after purchasing an additional 520,663 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Williams Companies by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after purchasing an additional 311,530 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Williams Companies by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after buying an additional 67,016 shares during the period. Finally, American Century Companies Inc. lifted its position in Williams Companies by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 6,117,298 shares of the pipeline company’s stock worth $259,985,000 after buying an additional 1,024,158 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Stock Performance

WMB stock traded down $0.16 on Friday, reaching $56.23. 1,126,717 shares of the company were exchanged, compared to its average volume of 5,085,568. The firm has a market capitalization of $68.55 billion, a PE ratio of 23.73, a PEG ratio of 5.60 and a beta of 1.06. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The stock’s fifty day moving average price is $55.69 and its 200 day moving average price is $49.08. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.38%. Williams Companies’s payout ratio is 80.17%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Truist Financial upped their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Scotiabank restated a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a report on Friday. The Goldman Sachs Group upped their price target on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $52.29.

About Williams Companies

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.