Richard C. Young & CO. LTD. Has $18.13 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Richard C. Young & CO. LTD. decreased its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,905 shares of the pipeline company’s stock after selling 789 shares during the period. Williams Companies makes up 2.0% of Richard C. Young & CO. LTD.’s portfolio, making the stock its 18th largest holding. Richard C. Young & CO. LTD.’s holdings in Williams Companies were worth $18,125,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WMB. Board of the Pension Protection Fund bought a new position in shares of Williams Companies during the 4th quarter worth about $720,000. Foundations Investment Advisors LLC grew its position in Williams Companies by 13.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after buying an additional 19,782 shares in the last quarter. Cornerstone Wealth Group LLC increased its stake in Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after acquiring an additional 83,429 shares during the period. Golden State Equity Partners raised its holdings in Williams Companies by 319.9% in the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after acquiring an additional 9,171 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Williams Companies by 17.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock worth $4,074,000 after acquiring an additional 10,950 shares during the period. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Truist Financial raised their price objective on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Mizuho upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Finally, Scotiabank restated a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research note on Friday, January 10th. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Williams Companies Stock Down 0.1 %

Shares of NYSE:WMB opened at $55.93 on Friday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $61.46. The firm has a market cap of $68.18 billion, a P/E ratio of 23.60, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The company’s 50-day moving average price is $55.91 and its two-hundred day moving average price is $51.19.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Williams Companies’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. As a group, research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company 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. 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 3.58%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is presently 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.