Ignite Planners LLC Has $1.02 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Ignite Planners LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMB) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,925 shares of the pipeline company’s stock after selling 663 shares during the quarter. Ignite Planners LLC’s holdings in Williams Companies were worth $1,015,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in Williams Companies in the fourth quarter worth $189,000. Pallas Capital Advisors LLC acquired a new stake in shares of Williams Companies in the fourth quarter worth about $217,000. Northstar Advisory Group LLC boosted its stake in shares of Williams Companies by 3.0% during the 4th quarter. Northstar Advisory Group LLC now owns 10,134 shares of the pipeline company’s stock worth $548,000 after acquiring an additional 296 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Williams Companies during the 4th quarter valued at about $213,000. Finally, Cooper Financial Group raised its stake in shares of Williams Companies by 16.3% in the 4th quarter. Cooper Financial Group now owns 6,724 shares of the pipeline company’s stock valued at $364,000 after acquiring an additional 941 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 0.9 %

Shares of WMB opened at $56.01 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average price of $55.85 and a two-hundred day moving average price of $49.35. The stock has a market cap of $68.28 billion, a price-to-earnings ratio of 23.63, a P/E/G 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.

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

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Friday, December 13th. Williams Companies’s dividend payout ratio is currently 80.17%.

Wall Street Analyst Weigh In

Several brokerages have commented on WMB. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group upped their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial lifted their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, Mizuho raised their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. 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.com, Williams Companies presently has a consensus rating of “Hold” and an average target price of $53.00.

Insiders Place Their Bets

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. The trade was a 23.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.44% of the company’s stock.

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.