The Williams Companies, Inc. (NYSE:WMB) Holdings Increased by Paradiem LLC

Paradiem LLC lifted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 39.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,452 shares of the pipeline company’s stock after acquiring an additional 57,078 shares during the quarter. Williams Companies comprises about 2.0% of Paradiem LLC’s investment portfolio, making the stock its 25th biggest holding. Paradiem LLC’s holdings in Williams Companies were worth $7,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of Williams Companies by 35.1% in the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after buying an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Williams Companies by 45.3% in the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock worth $220,506,000 after buying an additional 2,040,993 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Williams Companies by 55.1% during the third quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock worth $165,106,000 after purchasing an additional 1,740,677 shares during the period. Jennison Associates LLC grew its holdings in shares of Williams Companies by 69.2% during the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after acquiring an additional 1,679,452 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Williams Companies by 292.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,712,038 shares of the pipeline company’s stock worth $57,679,000 after purchasing an additional 1,275,872 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 0.5 %

NYSE:WMB traded down $0.19 during mid-day trading on Friday, hitting $39.26. The company had a trading volume of 5,723,399 shares, compared to its average volume of 6,256,537. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The firm has a market cap of $47.84 billion, a P/E ratio of 14.98, a P/E/G ratio of 6.14 and a beta of 1.05. The business’s fifty day moving average is $37.45 and its two-hundred day moving average is $35.89.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period in the prior year, the business posted $0.53 EPS. As a group, research analysts expect that The Williams Companies, Inc. will post 1.83 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.84%. Williams Companies’s dividend payout ratio is presently 72.52%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMB. UBS Group increased their price target on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Truist Financial increased their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Finally, Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Williams Companies has an average rating of “Hold” and an average price target of $39.22.

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.