Perigon Wealth Management LLC Boosts Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Perigon Wealth Management LLC raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 14.0% during the fourth quarter, HoldingsChannel reports. The fund owned 12,443 shares of the pipeline company’s stock after purchasing an additional 1,530 shares during the quarter. Perigon Wealth Management LLC’s holdings in Williams Companies were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Patten Group Inc. raised its holdings in Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after acquiring an additional 296 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after purchasing an additional 298 shares during the period. Buckley Wealth Management LLC increased its holdings in shares of Williams Companies by 1.0% in the third quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock worth $1,040,000 after purchasing an additional 300 shares during the period. Horan Securities Inc. increased its holdings in shares of Williams Companies by 2.6% in the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after purchasing an additional 300 shares during the period. Finally, Valley National Advisers Inc. increased its holdings in shares of Williams Companies by 20.8% in the third quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock worth $61,000 after purchasing an additional 310 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $37.84 on Tuesday. The company has a market capitalization of $46.11 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The firm has a 50 day moving average of $36.65 and a 200 day moving average of $35.59. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.76.

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 the consensus estimate 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 quarter in the prior year, the company earned $0.53 earnings per share. As a group, equities research analysts anticipate that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.02%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMB shares. Barclays upped their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. UBS Group upped their price target on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday. Finally, Truist Financial upped their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $39.00.

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.