The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its position in The Williams Companies, Inc. (NYSE:WMB) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,301 shares of the pipeline company’s stock after acquiring an additional 823 shares during the period. First Horizon Advisors Inc.’s holdings in Williams Companies were worth $219,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth about $26,000. Carmel Capital Partners LLC acquired a new position in shares of Williams Companies in the 3rd quarter worth approximately $31,000. CGC Financial Services LLC acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $35,000. OFI Invest Asset Management purchased a new position in shares of Williams Companies during the 3rd quarter worth approximately $41,000. Finally, CVA Family Office LLC purchased a new stake in Williams Companies in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WMB. Truist Financial upped their price target on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Barclays boosted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. UBS Group raised their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Wolfe Research restated an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Stock Up 0.3 %

Shares of Williams Companies stock opened at $38.67 on Monday. 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 Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.76. The company has a market capitalization of $47.12 billion, a P/E ratio of 14.76, a P/E/G ratio of 6.07 and a beta of 1.05. The company has a 50 day moving average of $37.85 and a 200 day moving average of $36.01.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping 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 previous year, the company posted $0.53 earnings per share. As a group, research analysts forecast that The Williams Companies, Inc. will post 1.82 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%. Williams Companies’s payout ratio is currently 72.52%.

Williams Companies 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.