Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Tokio Marine Asset Management Co. Ltd. increased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,431 shares of the pipeline company’s stock after purchasing an additional 1,972 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Williams Companies were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rheos Capital Works Inc. grew its position in shares of Williams Companies by 59.0% in 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 boosted 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 last quarter. Wellington Management Group LLP boosted its holdings 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 valued at $321,867,000 after acquiring an additional 2,482,331 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Williams Companies by 45.3% in the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after acquiring an additional 2,040,993 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Williams Companies by 3,338.2% in the fourth quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company’s stock valued at $12,264,000 after acquiring an additional 341,863 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 1.0 %

Shares of NYSE:WMB traded down $0.39 during trading on Friday, hitting $39.06. The company’s stock had a trading volume of 795,888 shares, compared to its average volume of 6,939,909. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The stock’s 50-day moving average price is $37.35 and its two-hundred day moving average price is $35.85. The company has a market capitalization of $47.59 billion, a PE ratio of 15.06, a PEG ratio of 6.14 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS 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 previous year, the business earned $0.53 EPS. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.86%. Williams Companies’s dividend payout ratio is currently 72.52%.

Analyst Ratings Changes

WMB has been the topic of a number of research analyst reports. UBS Group lifted their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Finally, Truist Financial boosted their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Company 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.