Little House Capital LLC Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

Little House Capital LLC acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the first quarter, Holdings Channel reports. The fund acquired 26,591 shares of the pipeline company’s stock, valued at approximately $1,036,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Williams Companies in the fourth quarter worth about $306,417,000. Wellington Management Group LLP boosted its stake in Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after purchasing an additional 2,482,331 shares during the period. Jennison Associates LLC raised its stake in Williams Companies by 69.2% during the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after purchasing an additional 1,679,452 shares during the period. First Financial Bankshares Inc purchased a new stake in shares of Williams Companies in the fourth quarter valued at $56,223,000. Finally, Morningstar Investment Services LLC boosted its position in shares of Williams Companies by 3,821.2% in the fourth quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock worth $55,180,000 after buying an additional 1,539,431 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group boosted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Truist Financial raised their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Finally, Wolfe Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.42.

Williams Companies Stock Down 0.4 %

Shares of Williams Companies stock traded down $0.16 on Monday, reaching $42.34. 1,713,363 shares of the company were exchanged, compared to its average volume of 6,684,984. The Williams Companies, Inc. has a one year low of $32.20 and a one year high of $43.22. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $40.60 and a 200 day moving average of $37.59. The company has a market capitalization of $51.60 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 6.67 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. On average, equities research analysts forecast that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.49%. Williams Companies’s dividend payout ratio is currently 79.83%.

Insider Buying and Selling at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the transaction, the senior vice president now directly owns 60,410 shares of the company’s stock, valued at $2,392,840.10. 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.