Telemus Capital LLC Raises Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Telemus Capital LLC increased its position in The Williams Companies, Inc. (NYSE:WMB) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,593 shares of the pipeline company’s stock after buying an additional 6,686 shares during the quarter. Telemus Capital LLC’s holdings in Williams Companies were worth $6,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in WMB. Rheos Capital Works Inc. increased its position 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 purchasing an additional 245,000 shares during the period. Autumn Glory Partners LLC boosted its holdings in shares of Williams Companies by 28.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after buying an additional 23,579 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after buying an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings 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 buying an additional 2,040,993 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings 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 buying an additional 341,863 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Up 0.4 %

WMB stock opened at $38.66 on Tuesday. The Williams Companies, Inc. has a 1-year low of $28.27 and a 1-year high of $39.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The company has a market capitalization of $47.10 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 6.02 and a beta of 1.04. The business has a 50 day simple moving average of $37.03 and a two-hundred day simple moving average of $35.76.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period in the prior year, the business posted $0.53 earnings per share. Research analysts anticipate that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 4.91%. Williams Companies’s dividend payout ratio is currently 72.52%.

Analyst Ratings Changes

A number of analysts have recently commented on WMB shares. Barclays boosted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. UBS Group boosted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Wolfe Research reiterated an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Finally, Truist Financial upped 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.22.

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.