Prime Capital Investment Advisors LLC Decreases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Prime Capital Investment Advisors LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 13.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,825 shares of the pipeline company’s stock after selling 1,708 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Williams Companies were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC lifted its holdings in Williams Companies by 96,588.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after purchasing an additional 63,358,143 shares in the last quarter. Morgan Stanley lifted its holdings in Williams Companies by 0.7% in the 4th quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock valued at $649,796,000 after purchasing an additional 136,216 shares in the last quarter. Royal Bank of Canada lifted its holdings in Williams Companies by 85.8% in the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after purchasing an additional 7,551,749 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 valued at $486,991,000 after purchasing an additional 1,089,150 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings 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 purchasing an additional 921,537 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 1.4 %

Shares of NYSE:WMB opened at $38.07 on Friday. The business has a 50-day moving average price of $36.58 and a 200 day moving average price of $35.54. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 6.13 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $0.53 earnings per share. Sell-side analysts expect that The Williams Companies, Inc. will post 1.8 EPS for the current year.

Williams Companies Dividend Announcement

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 dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.99%. Williams Companies’s payout ratio is 72.52%.

Analysts Set New Price Targets

WMB has been the topic of a number of research reports. UBS Group raised their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday. Barclays raised their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Truist Financial raised their target price on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.64.

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.