Everpar Advisors LLC Makes New $1.12 Million Investment in The Williams Companies, Inc. (NYSE:WMB)

Everpar Advisors LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, HoldingsChannel reports. The fund bought 32,119 shares of the pipeline company’s stock, valued at approximately $1,119,000.

Several other hedge funds have also modified their holdings of the stock. Rheos Capital Works Inc. raised its stake in shares of Williams Companies by 59.0% during the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after purchasing an additional 245,000 shares during the period. Autumn Glory Partners LLC increased its stake in Williams Companies by 28.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock worth $3,625,000 after buying an additional 23,579 shares during the period. Wellington Management Group LLP lifted its holdings 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 buying an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock worth $220,506,000 after buying an additional 2,040,993 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Williams Companies by 3,338.2% in 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 buying an additional 341,863 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of NYSE:WMB traded up $0.21 on Wednesday, reaching $39.32. 6,161,431 shares of the company’s stock were exchanged, compared to its average volume of 6,965,915. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.99. The business’s 50-day moving average is $38.01 and its two-hundred day moving average is $36.06. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $47.91 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 6.13 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its 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 firm had revenue of $2.77 billion for 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 16.40%. Williams Companies’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.82 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.83%. Williams Companies’s dividend payout ratio is currently 79.83%.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent analyst reports. UBS Group boosted their price target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. CIBC raised their price target on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial lifted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Barclays increased 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 note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus target price of $39.55.

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.