Sound Income Strategies LLC Has $133,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Sound Income Strategies LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,463 shares of the pipeline company’s stock after buying an additional 216 shares during the period. Sound Income Strategies LLC’s holdings in Williams Companies were worth $133,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. APG Asset Management N.V. grew its stake in Williams Companies by 104.5% in the second quarter. APG Asset Management N.V. now owns 676,385 shares of the pipeline company’s stock valued at $26,822,000 after purchasing an additional 345,684 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Williams Companies in the second quarter valued at $3,529,000. Creative Planning increased its holdings in Williams Companies by 13.5% during the second quarter. Creative Planning now owns 181,063 shares of the pipeline company’s stock worth $7,695,000 after buying an additional 21,504 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Williams Companies during the second quarter worth $242,000. Finally, NewEdge Advisors LLC lifted its stake in Williams Companies by 20.2% in the second quarter. NewEdge Advisors LLC now owns 207,629 shares of the pipeline company’s stock valued at $8,824,000 after acquiring an additional 34,870 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on WMB shares. Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Barclays raised their price objective on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Bank of America initiated coverage on Williams Companies in a report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Finally, Royal Bank of Canada raised their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.00.

Williams Companies Stock Up 0.3 %

Shares of WMB opened at $59.64 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $61.46. The firm’s 50 day moving average is $56.41 and its 200-day moving average is $50.18. The stock has a market capitalization of $72.70 billion, a PE ratio of 25.17, a P/E/G ratio of 5.31 and a beta of 1.06.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm 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%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. Equities research analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.19%. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.