The Williams Companies, Inc. (NYSE:WMB) Stake Boosted by Everett Harris & Co. CA

Everett Harris & Co. CA grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,900 shares of the pipeline company’s stock after acquiring an additional 1,365 shares during the period. Everett Harris & Co. CA’s holdings in Williams Companies were worth $519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its holdings in Williams Companies by 96,588.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock worth $2,086,641,000 after purchasing an additional 63,358,143 shares in the last quarter. Norges Bank bought a new stake in Williams Companies in the fourth quarter worth $292,176,000. Royal Bank of Canada boosted its holdings in Williams Companies by 85.8% in the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock worth $546,327,000 after purchasing an additional 7,551,749 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Williams Companies by 200.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,286,535 shares of the pipeline company’s stock worth $164,993,000 after purchasing an additional 3,525,097 shares in the last quarter. Finally, Comerica Bank bought a new stake in Williams Companies in the second quarter worth $84,275,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Williams Companies from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Truist Financial upped their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday. Finally, Mizuho upped their price objective on shares of Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.09.

Williams Companies Stock Performance

Williams Companies stock traded up $0.41 on Thursday, reaching $38.95. 6,720,431 shares of the stock were exchanged, compared to its average volume of 7,153,056. The stock has a market cap of $47.46 billion, a PE ratio of 14.87, a PEG ratio of 6.05 and a beta of 1.04. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.09. The firm has a fifty day moving average price of $35.50 and a two-hundred day moving average price of $35.15.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter last year, the company earned $0.53 earnings per share. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.8 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.88%. Williams Companies’s dividend payout ratio is currently 72.52%.

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.