Consolidated Planning Corp Raises Position in The Williams Companies, Inc. (NYSE:WMB)

Consolidated Planning Corp lifted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 105,335 shares of the pipeline company’s stock after buying an additional 1,691 shares during the period. Consolidated Planning Corp’s holdings in Williams Companies were worth $5,701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Quent Capital LLC acquired a new stake in Williams Companies in the fourth quarter worth about $25,000. AlphaMark Advisors LLC purchased a new position in shares of Williams Companies in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the 3rd quarter worth approximately $30,000. Financial Life Planners purchased a new stake in Williams Companies during the 4th quarter worth approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Williams Companies during the 4th quarter valued at approximately $32,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WMB shares. The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Barclays lifted their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Scotiabank reissued a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Finally, Bank of America assumed coverage on shares of Williams Companies in a report on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $54.83 on Thursday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company’s fifty day moving average price is $55.87 and its 200 day moving average price is $51.49. The company has a market capitalization of $66.84 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04.

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, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. On average, research analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.65%. Williams Companies’s payout ratio is 80.17%.

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.