RWA Wealth Partners LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

RWA Wealth Partners LLC purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,522 shares of the pipeline company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of Williams Companies by 3.9% during the third quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after purchasing an additional 712,048 shares in the last quarter. Northern Trust Corp lifted its holdings in Williams Companies by 8.1% in the 3rd quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after buying an additional 1,089,150 shares in the last quarter. Federated Hermes Inc. boosted its position in Williams Companies by 7.3% in the 3rd quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock valued at $459,148,000 after buying an additional 921,537 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Williams Companies by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock valued at $380,748,000 after acquiring an additional 68,674 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after acquiring an additional 2,482,331 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent analyst reports. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. Barclays upped their price target on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. UBS Group raised their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Truist Financial upped their target price 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.22.

Williams Companies Trading Up 0.5 %

NYSE WMB opened at $39.45 on Friday. 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 one year low of $28.27 and a one year high of $39.76. The company has a 50-day simple moving average of $37.35 and a 200-day simple moving average of $35.85. The firm has a market capitalization of $48.07 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05.

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

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.82%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

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.