18,381 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by Myriad Asset Management US LP

Myriad Asset Management US LP bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,381 shares of the pipeline company’s stock, valued at approximately $995,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMB. Quent Capital LLC acquired a new stake in Williams Companies in the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the third quarter valued at approximately $30,000. Financial Life Planners acquired a new stake in Williams Companies in the fourth quarter valued at approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Williams Companies in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on WMB shares. UBS Group raised their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. CIBC raised their price objective on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial raised their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.29.

Williams Companies Trading Down 0.8 %

Shares of NYSE WMB opened at $57.00 on Friday. The Williams Companies, Inc. has a one year low of $33.03 and a one year high of $61.46. The firm has a market capitalization of $69.48 billion, a PE ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The business has a 50-day moving average price of $55.85 and a two-hundred day moving average price of $51.55.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. As a group, analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. Williams Companies’s payout ratio is presently 80.17%.

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.