J. W. Coons Advisors LLC Takes $268,000 Position in The Williams Companies, Inc. (NYSE:WMB)

J. W. Coons Advisors LLC acquired a new position in The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,955 shares of the pipeline company’s stock, valued at approximately $268,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMB. Allspring Global Investments Holdings LLC increased its position in Williams Companies by 132.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 146,247 shares of the pipeline company’s stock worth $6,676,000 after buying an additional 83,300 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Williams Companies by 494.7% during the 3rd quarter. International Assets Investment Management LLC now owns 394,161 shares of the pipeline company’s stock valued at $17,993,000 after acquiring an additional 327,877 shares during the period. Assenagon Asset Management S.A. increased its holdings in Williams Companies by 36.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 44,572 shares of the pipeline company’s stock worth $2,035,000 after acquiring an additional 11,887 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Williams Companies by 25.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,021 shares of the pipeline company’s stock worth $4,020,000 after acquiring an additional 18,102 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in Williams Companies by 228.2% during the third quarter. Arkadios Wealth Advisors now owns 20,003 shares of the pipeline company’s stock valued at $913,000 after purchasing an additional 13,909 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Barclays increased their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Truist Financial boosted their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Finally, Scotiabank reissued a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.29.

Williams Companies Price Performance

Williams Companies stock opened at $57.28 on Tuesday. The Williams Companies, Inc. has a 52-week low of $34.54 and a 52-week high of $61.46. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The firm’s fifty day moving average is $56.21 and its 200 day moving average is $52.41. The company has a market cap of $69.82 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 5.01 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Sell-side analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued 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 dividend on an annualized basis and a dividend yield of 3.49%. Williams Companies’s payout ratio is 109.29%.

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.