Graypoint LLC Increases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Graypoint LLC grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,263 shares of the pipeline company’s stock after buying an additional 307 shares during the quarter. Graypoint LLC’s holdings in Williams Companies were worth $427,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WMB. Ingalls & Snyder LLC boosted its position in Williams Companies by 0.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,734,746 shares of the pipeline company’s stock worth $60,421,000 after purchasing an additional 6,736 shares during the period. ORG Partners LLC boosted its position in Williams Companies by 130.3% during the 4th quarter. ORG Partners LLC now owns 8,532 shares of the pipeline company’s stock worth $297,000 after purchasing an additional 4,828 shares during the period. Vaughan David Investments LLC IL boosted its position in Williams Companies by 1.1% during the 4th quarter. Vaughan David Investments LLC IL now owns 1,024,329 shares of the pipeline company’s stock worth $35,677,000 after purchasing an additional 10,969 shares during the period. Genesee Capital Advisors LLC lifted its holdings in Williams Companies by 9.1% in the 4th quarter. Genesee Capital Advisors LLC now owns 38,484 shares of the pipeline company’s stock worth $1,340,000 after buying an additional 3,205 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in Williams Companies by 14.0% in the 4th quarter. Perigon Wealth Management LLC now owns 12,443 shares of the pipeline company’s stock worth $433,000 after buying an additional 1,530 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday. Truist Financial boosted their price objective 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. Finally, UBS Group boosted 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.00.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $38.08 on Monday. The firm has a market cap of $46.40 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The firm’s 50-day simple moving average is $36.58 and its 200-day simple moving average is $35.57. 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 1 year low of $28.27 and a 1 year high of $39.76.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share 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 last year, the business earned $0.53 EPS. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.99%. Williams Companies’s dividend payout ratio (DPR) is 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.