The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in The Williams Companies, Inc. (NYSE:WMB) by 65.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,731 shares of the pipeline company’s stock after acquiring an additional 10,619 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Williams Companies were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in WMB. Moneta Group Investment Advisors LLC lifted its position in Williams Companies by 96,588.4% in the fourth 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 during the period. Norges Bank acquired a new stake in Williams Companies in the fourth quarter valued at about $292,176,000. Royal Bank of Canada lifted its position in Williams Companies by 85.8% in the first 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 during the period. Price T Rowe Associates Inc. MD lifted its position in Williams Companies by 200.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,286,535 shares of the pipeline company’s stock valued at $164,993,000 after purchasing an additional 3,525,097 shares during the period. Finally, Wellington Management Group LLP lifted its position in Williams Companies by 35.1% in the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after purchasing an additional 2,482,331 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WMB. Truist Financial raised their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. UBS Group increased their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays increased their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average target price of $39.00.

Williams Companies Trading Down 1.3 %

Shares of WMB opened at $38.08 on Monday. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $36.58 and a 200-day simple moving average of $35.57. The Williams Companies, Inc. has a 1-year low of $28.27 and a 1-year high of $39.76. The stock has a market cap of $46.40 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 business posted $0.53 earnings per share. Equities analysts forecast that The Williams Companies, Inc. will post 1.8 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.99%. 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.