bLong Financial LLC Makes New $231,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

bLong Financial LLC bought a new position in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,261 shares of the pipeline company’s stock, valued at approximately $231,000.

Other large investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in Williams Companies in the fourth quarter worth about $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies in the fourth quarter worth about $27,000. Financial Life Planners bought a new position in Williams Companies in the fourth quarter worth about $30,000. SOA Wealth Advisors LLC. bought a new position in Williams Companies in the fourth quarter worth about $32,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Williams Companies during the third quarter valued at about $30,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on WMB. Barclays upped their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Mizuho upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. CIBC upped their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Truist Financial upped their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average target price of $53.29.

Williams Companies Trading Down 0.8 %

Williams Companies stock opened at $57.00 on Friday. 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 Williams Companies, Inc. has a 12 month low of $33.03 and a 12 month high of $61.46. The stock’s 50 day simple moving average is $55.85 and its two-hundred day simple moving average is $51.65. The firm has a market cap of $69.48 billion, a PE ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

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.