Gilliland Jeter Wealth Management LLC Acquires New Holdings in The Williams Companies, Inc. (NYSE:WMB)

Gilliland Jeter Wealth Management LLC acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, HoldingsChannel reports. The firm acquired 41,174 shares of the pipeline company’s stock, valued at approximately $1,434,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies during the fourth quarter worth about $26,000. FSC Wealth Advisors LLC acquired a new position in Williams Companies during the third quarter worth about $27,000. HWG Holdings LP acquired a new position in Williams Companies during the third quarter worth about $29,000. Carmel Capital Partners LLC purchased a new position in Williams Companies in the 3rd quarter worth about $31,000. Finally, CGC Financial Services LLC purchased a new position in Williams Companies in the 4th quarter worth about $35,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Williams Companies Stock Down 0.5 %

NYSE:WMB traded down $0.19 on Friday, hitting $39.26. 5,723,399 shares of the company’s stock traded hands, compared to its average volume of 6,256,537. 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 1 year low of $28.27 and a 1 year high of $39.76. The firm has a 50-day moving average price of $37.45 and a 200-day moving average price of $35.89. The company has a market cap of $47.84 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business posted $0.53 earnings per share. Equities analysts anticipate that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.84%. Williams Companies’s dividend payout ratio is 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.