Allworth Financial LP Acquires 17,125 Shares of The Williams Companies, Inc. (NYSE:WMB)

Allworth Financial LP increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 76.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,593 shares of the pipeline company’s stock after acquiring an additional 17,125 shares during the quarter. Allworth Financial LP’s holdings in Williams Companies were worth $2,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baader Bank Aktiengesellschaft boosted its holdings in shares of Williams Companies by 3.3% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after buying an additional 180 shares during the last quarter. Albion Financial Group UT boosted its stake in Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after acquiring an additional 184 shares during the last quarter. Sprinkle Financial Consultants LLC grew its position in shares of Williams Companies by 3.8% during the 4th quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock valued at $275,000 after acquiring an additional 185 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Williams Companies by 24.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 195 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Williams Companies by 2.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. UBS Group increased their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial boosted their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Mizuho lifted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Barclays boosted their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and an average target price of $53.29.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $57.78 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The company has a market cap of $70.44 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 12 month low of $33.85 and a 12 month high of $61.46. The company has a 50-day moving average price of $55.90 and a 200-day moving average price of $51.87.

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, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is currently 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.