The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Raised by NewEdge Wealth LLC

NewEdge Wealth LLC raised its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 97,818 shares of the pipeline company’s stock after acquiring an additional 4,274 shares during the period. NewEdge Wealth LLC’s holdings in Williams Companies were worth $5,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft raised its holdings in shares of Williams Companies by 3.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after purchasing an additional 180 shares in the last quarter. Albion Financial Group UT raised its holdings in shares of Williams Companies by 18.4% in the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after purchasing an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC raised its holdings in shares of Williams Companies by 3.8% in the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after purchasing an additional 185 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Williams Companies by 24.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock valued at $54,000 after acquiring an additional 195 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Williams Companies by 2.6% in the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock valued at $357,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $56.21 on Friday. The Williams Companies, Inc. has a 1 year low of $34.90 and a 1 year high of $61.46. The firm’s fifty day simple moving average is $56.43 and its 200 day simple moving average is $52.56. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $68.52 billion, a PE ratio of 30.72, a PEG ratio of 5.01 and a beta of 1.05.

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

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. Williams Companies’s dividend payout ratio (DPR) is presently 109.29%.

Analyst Upgrades and Downgrades

WMB has been the subject of several research analyst reports. Barclays upped their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Scotiabank restated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Truist Financial upped their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. One equities research 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, Williams Companies presently has a consensus rating of “Hold” and a consensus price target of $54.21.

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.