RW Investment Management LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

RW Investment Management LLC purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, Holdings Channel reports. The fund purchased 4,314 shares of the pipeline company’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently made changes to their positions in the company. Ieq Capital LLC boosted its stake in shares of Williams Companies by 24.0% during the fourth quarter. Ieq Capital LLC now owns 54,307 shares of the pipeline company’s stock valued at $2,939,000 after purchasing an additional 10,511 shares in the last quarter. Freedom Day Solutions LLC raised its position in shares of Williams Companies by 3.1% during the fourth quarter. Freedom Day Solutions LLC now owns 19,646 shares of the pipeline company’s stock worth $1,063,000 after acquiring an additional 591 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Williams Companies by 2.1% during the fourth quarter. Private Advisor Group LLC now owns 108,425 shares of the pipeline company’s stock worth $5,868,000 after acquiring an additional 2,255 shares during the last quarter. Alberta Investment Management Corp bought a new position in shares of Williams Companies during the fourth quarter worth about $1,488,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Williams Companies during the fourth quarter worth about $25,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMB. Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research report on Friday, January 10th. Mizuho raised 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. Truist Financial raised 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. UBS Group raised their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group lifted their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.29.

Williams Companies Trading Up 0.8 %

NYSE WMB opened at $58.25 on Thursday. The company has a market cap of $71.01 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 5.10 and a beta of 1.04. The Williams Companies, Inc. has a 52 week low of $33.85 and a 52 week high of $61.46. The business has a 50 day moving average price of $56.02 and a 200-day moving average price of $52.03. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

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 return on equity of 15.85% and a net margin of 21.17%. As a group, equities analysts expect that The Williams Companies, Inc. will post 2.08 earnings per share 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. Investors of record on Friday, March 14th will be given 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 of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. Williams Companies’s payout ratio is presently 103.83%.

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.