Lake Street Private Wealth LLC Has $587,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Lake Street Private Wealth LLC boosted its stake in The Williams Companies, Inc. (NYSE:WMB) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,852 shares of the pipeline company’s stock after acquiring an additional 844 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Williams Companies were worth $587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in shares of Williams Companies in the fourth quarter valued at about $720,000. Brendel Financial Advisors LLC lifted its stake in Williams Companies by 0.8% in the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after acquiring an additional 419 shares in the last quarter. World Investment Advisors LLC acquired a new position in Williams Companies during the 3rd quarter worth approximately $545,000. Swiss National Bank boosted its position in Williams Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Valley National Advisers Inc. grew its stake in shares of Williams Companies by 1,855.7% during the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after acquiring an additional 39,880 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Williams Companies Trading Up 0.1 %

Shares of WMB stock opened at $59.22 on Friday. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $60.36. The firm has a 50 day moving average price of $56.08 and a two-hundred day moving average price of $49.59. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $72.19 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 5.36 and a beta of 1.06.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. As a group, analysts predict that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio (DPR) 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 dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the transaction, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This trade represents a 23.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.