FFT Wealth Management LLC Purchases 971 Shares of The Williams Companies, Inc. (NYSE:WMB)

FFT Wealth Management LLC grew its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,677 shares of the pipeline company’s stock after acquiring an additional 971 shares during the quarter. FFT Wealth Management LLC’s holdings in Williams Companies were worth $5,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of WMB. International Assets Investment Management LLC grew its holdings in Williams Companies by 494.7% during the third quarter. International Assets Investment Management LLC now owns 394,161 shares of the pipeline company’s stock worth $17,993,000 after buying an additional 327,877 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Williams Companies by 36.4% during the third quarter. Assenagon Asset Management S.A. now owns 44,572 shares of the pipeline company’s stock worth $2,035,000 after buying an additional 11,887 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Williams Companies by 25.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,021 shares of the pipeline company’s stock worth $4,020,000 after purchasing an additional 18,102 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Williams Companies by 228.2% in the third quarter. Arkadios Wealth Advisors now owns 20,003 shares of the pipeline company’s stock worth $913,000 after purchasing an additional 13,909 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Williams Companies by 11.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 220,101 shares of the pipeline company’s stock worth $10,048,000 after purchasing an additional 22,160 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of several research analyst reports. Truist Financial boosted their price objective on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Mizuho boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Scotiabank reissued a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $54.21.

Williams Companies Stock Performance

Shares of WMB opened at $56.13 on Wednesday. The stock’s 50-day simple moving average is $56.26 and its 200 day simple moving average is $52.50. The stock has a market capitalization of $68.42 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a 52-week low of $34.54 and a 52-week high of $61.46.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Research 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.50 per share. This is a boost 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 yield of 3.56%. Williams Companies’s dividend payout ratio is 109.29%.

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.