Quadrant Capital Group LLC Has $581,000 Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Quadrant Capital Group LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,669 shares of the pipeline company’s stock after buying an additional 1,103 shares during the period. Quadrant Capital Group LLC’s holdings in Williams Companies were worth $581,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Patten Group Inc. grew its position in Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after acquiring an additional 296 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after acquiring an additional 298 shares during the period. Graypoint LLC raised its holdings in Williams Companies by 2.6% during the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after purchasing an additional 307 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Williams Companies by 20.8% in the 3rd quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock worth $61,000 after purchasing an additional 310 shares during the period. Finally, Integrated Advisors Network LLC raised its stake in Williams Companies by 3.9% during the third quarter. Integrated Advisors Network LLC now owns 8,553 shares of the pipeline company’s stock worth $288,000 after buying an additional 324 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction on 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 sale, the senior vice president now owns 60,410 shares in the company, valued at $2,392,840.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Williams Companies Stock Up 0.8 %

Shares of NYSE:WMB opened at $41.27 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a fifty day moving average of $38.66 and a 200 day moving average of $36.36. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $41.35. The firm has a market capitalization of $50.30 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 6.44 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates 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 was down 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.82 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be given a $0.475 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.60%. Williams Companies’s dividend payout ratio is currently 79.83%.

Wall Street Analyst Weigh In

WMB has been the topic of several analyst reports. Truist Financial lifted their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Stifel Nicolaus increased their target price on shares of Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company upped their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Barclays raised their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, CIBC increased their price target on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.73.

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.