Apollon Wealth Management LLC Acquires 4,250 Shares of The Williams Companies, Inc. (NYSE:WMB)

Apollon Wealth Management LLC increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,738 shares of the pipeline company’s stock after purchasing an additional 4,250 shares during the period. Apollon Wealth Management LLC’s holdings in Williams Companies were worth $862,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Williams Companies during the fourth quarter worth $26,000. Carmel Capital Partners LLC bought a new stake in shares of Williams Companies in the third quarter valued at about $31,000. CGC Financial Services LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at about $35,000. OFI Invest Asset Management acquired a new position in shares of Williams Companies during the third quarter worth about $41,000. Finally, CVA Family Office LLC bought a new position in shares of Williams Companies during the fourth quarter worth about $52,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Up 0.7 %

WMB opened at $39.58 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The stock’s fifty day simple moving average is $38.10 and its 200 day simple moving average is $36.08. The Williams Companies, Inc. has a 1-year low of $28.27 and a 1-year high of $39.99. The stock has a market cap of $48.23 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 6.13 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.40%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the company posted $0.56 EPS. Williams Companies’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, research analysts expect that The Williams Companies, Inc. will post 1.82 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, June 7th. Williams Companies’s payout ratio is currently 79.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WMB shares. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. CIBC lifted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus increased their price target on Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial boosted their price target on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Finally, UBS Group upped their price objective on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $39.55.

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.