Perigon Wealth Management LLC Purchases 14,814 Shares of The Williams Companies, Inc. (NYSE:WMB)

Perigon Wealth Management LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 138.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,509 shares of the pipeline company’s stock after buying an additional 14,814 shares during the period. Perigon Wealth Management LLC’s holdings in Williams Companies were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of WMB. Albion Financial Group UT lifted its stake in shares of Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after acquiring an additional 184 shares during the period. Brooklyn Investment Group lifted its stake in shares of Williams Companies by 2.6% during the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after acquiring an additional 197 shares during the period. Laurel Wealth Advisors LLC lifted its stake in shares of Williams Companies by 10.1% during the fourth quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock valued at $118,000 after acquiring an additional 200 shares during the period. Dearborn Partners LLC lifted its stake in shares of Williams Companies by 1.1% during the third quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock valued at $827,000 after acquiring an additional 201 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Williams Companies by 0.5% during the third quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock valued at $1,895,000 after acquiring an additional 207 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Insider Transactions at Williams Companies

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

Williams Companies Stock Up 0.3 %

WMB stock opened at $55.37 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a market capitalization of $67.50 billion, a P/E ratio of 23.36, a P/E/G ratio of 5.31 and a beta of 1.06. The business has a 50-day moving average of $56.34 and a 200-day moving average of $50.58. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46.

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

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is currently 80.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMB. Barclays upped their price target on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Royal Bank of Canada upped their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group upped their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Mizuho upped their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Truist Financial upped their price objective on Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. One equities research 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, the company currently has an average rating of “Hold” and an average price target of $53.00.

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.