Covalis Capital LLP Invests $4.81 Million in The Williams Companies, Inc. (NYSE:WMB)

Covalis Capital LLP bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, Holdings Channel reports. The fund bought 88,857 shares of the pipeline company’s stock, valued at approximately $4,809,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after purchasing an additional 108,675 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Williams Companies in the third quarter worth approximately $545,000. Wilmington Savings Fund Society FSB bought a new position in Williams Companies during the third quarter valued at approximately $1,346,000. Tidal Investments LLC lifted its holdings in shares of Williams Companies by 0.5% in the 3rd quarter. Tidal Investments LLC now owns 41,514 shares of the pipeline company’s stock worth $1,895,000 after acquiring an additional 207 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Williams Companies by 48.8% in the 3rd quarter. Synovus Financial Corp now owns 19,533 shares of the pipeline company’s stock valued at $892,000 after purchasing an additional 6,409 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Larry C. Larsen sold 8,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total value of $455,520.00. Following the completion of the sale, the senior vice president now directly owns 81,265 shares in the company, valued at approximately $4,627,229.10. This trade represents a 8.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Chad A. Teply sold 26,000 shares of Williams Companies 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 owns 133,048 shares of the company’s stock, valued at $7,511,890.08. The trade was a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 139,583 shares of company stock worth $7,563,278 in the last quarter. 0.44% of the stock is owned by company insiders.

Williams Companies Trading Up 0.4 %

Williams Companies stock opened at $58.49 on Friday. The stock has a market cap of $71.32 billion, a P/E ratio of 31.96, a PEG ratio of 5.01 and a beta of 0.87. The firm’s 50 day moving average price is $57.43 and its 200-day moving average price is $55.80. 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 1 year low of $37.46 and a 1 year high of $61.67.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies’s dividend payout ratio is currently 109.29%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of analyst reports. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their target price on shares of Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 4th. Barclays increased their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Morgan Stanley boosted their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Finally, Scotiabank increased their target price on shares of Williams Companies from $51.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.77.

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.