Dynamic Technology Lab Private Ltd Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

Dynamic Technology Lab Private Ltd acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, Holdings Channel reports. The firm acquired 30,221 shares of the pipeline company’s stock, valued at approximately $1,636,000.

Several other hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC lifted its position in shares of Williams Companies by 24.4% in the third quarter. IHT Wealth Management LLC now owns 17,701 shares of the pipeline company’s stock valued at $811,000 after buying an additional 3,477 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in Williams Companies by 36.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 195,037 shares of the pipeline company’s stock valued at $8,903,000 after buying an additional 51,935 shares during the last quarter. Quarry LP raised its holdings in Williams Companies by 548.1% in the 3rd quarter. Quarry LP now owns 5,334 shares of the pipeline company’s stock valued at $243,000 after acquiring an additional 4,511 shares during the period. Quantinno Capital Management LP lifted its position in Williams Companies by 20.5% during the third quarter. Quantinno Capital Management LP now owns 105,077 shares of the pipeline company’s stock worth $4,797,000 after acquiring an additional 17,875 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 19.0% during the third 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. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Williams Companies stock opened at $54.61 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The firm has a market cap of $66.59 billion, a P/E ratio of 29.84, a P/E/G ratio of 5.01 and a beta of 0.87. The Williams Companies, Inc. has a 1-year low of $37.18 and a 1-year high of $61.67. The firm has a 50-day moving average of $57.25 and a 200-day moving average of $54.95.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Sell-side analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.66%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is currently 109.29%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Barclays boosted 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 raised their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Truist Financial boosted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada increased their price objective on Williams Companies from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.07.

Insider Activity

In other Williams Companies news, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction that occurred 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 directly owns 133,048 shares of the company’s stock, valued at approximately $7,511,890.08. The trade was a 16.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Micheal G. Dunn sold 96,687 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total value of $5,128,278.48. Following the completion of the transaction, the chief operating officer now directly owns 714,693 shares of the company’s stock, valued at $37,907,316.72. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,583 shares of company stock valued at $7,563,278. Corporate insiders own 0.44% of the company’s stock.

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.