Atria Wealth Solutions Inc. Raises Holdings in The Williams Companies, Inc. (NYSE:WMB)

Atria Wealth Solutions Inc. boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 54,728 shares of the pipeline company’s stock after acquiring an additional 4,361 shares during the period. Atria Wealth Solutions Inc.’s holdings in Williams Companies were worth $1,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rheos Capital Works Inc. boosted its position in Williams Companies by 59.0% during the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after purchasing an additional 245,000 shares in the last quarter. Autumn Glory Partners LLC lifted its position in shares of Williams Companies by 28.1% during the third quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after buying an additional 23,579 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after buying an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. grew its position in shares of Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock worth $220,506,000 after buying an additional 2,040,993 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Williams Companies by 3,338.2% during the 4th quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company’s stock worth $12,264,000 after acquiring an additional 341,863 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $39.20 on Tuesday. The Williams Companies, Inc. has a 52 week low of $28.27 and a 52 week high of $39.76. The business’s 50 day moving average price is $37.55 and its 200 day moving average price is $35.93. 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 firm has a market cap of $47.76 billion, a P/E ratio of 14.96, a P/E/G ratio of 6.14 and a beta of 1.04.

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 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 period last year, the company earned $0.53 EPS. On average, sell-side analysts expect that The Williams Companies, Inc. will post 1.83 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.85%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wolfe Research restated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Barclays raised their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Truist Financial increased their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group boosted their price target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.22.

About Williams Companies

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.