The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,085 shares of the pipeline company’s stock after selling 1,534 shares during the quarter. Edge Capital Group LLC’s holdings in Williams Companies were worth $492,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Board of the Pension Protection Fund acquired a new stake in Williams Companies in the 4th quarter worth approximately $720,000. Foundations Investment Advisors LLC raised its holdings in shares of Williams Companies by 13.8% in 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 during the last quarter. Cornerstone Wealth Group LLC lifted its stake in shares of Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after buying an additional 83,429 shares during the period. Golden State Equity Partners lifted its stake in shares of Williams Companies by 319.9% during the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after buying an additional 9,171 shares during the period. Finally, Myriad Asset Management US LP purchased a new stake in shares of Williams Companies during the fourth quarter valued at $995,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of a number of research analyst reports. Barclays raised their target price 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. Mizuho lifted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial raised their price target on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, UBS Group upped their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.29.

Williams Companies Stock Down 0.3 %

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

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, research analysts expect that The Williams Companies, Inc. will post 2.08 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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio is presently 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.