PFG Investments LLC Invests $514,000 in The Williams Companies, Inc. (NYSE:WMB)

PFG Investments LLC acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,185 shares of the pipeline company’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rheos Capital Works Inc. raised its stake in Williams Companies by 59.0% during the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after buying an additional 245,000 shares during the last quarter. Autumn Glory Partners LLC lifted its holdings in Williams Companies by 28.1% in the third quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after acquiring an additional 23,579 shares during the period. Wellington Management Group LLP boosted its position in Williams Companies by 35.1% in the third 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 last quarter. Bahl & Gaynor Inc. grew its stake in shares of Williams Companies by 45.3% during the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after purchasing an additional 2,040,993 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of Williams Companies by 3,338.2% during the 4th quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company’s stock valued at $12,264,000 after purchasing an additional 341,863 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMB. Wolfe Research reissued an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Barclays boosted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. UBS Group raised their target price on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four 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 $39.22.

Williams Companies Price Performance

WMB traded down $0.06 on Monday, hitting $39.20. 5,048,086 shares of the company’s stock traded hands, compared to its average volume of 6,978,512. The firm has a market cap of $47.76 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 6.14 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 one year low of $28.27 and a one year high of $39.76. The company’s 50 day simple moving average is $37.55 and its 200-day simple moving average is $35.93.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.85%. Williams Companies’s dividend payout ratio is 72.52%.

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.