Colonial River Investments LLC Has $445,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Colonial River Investments LLC raised its stake in The Williams Companies, Inc. (NYSE:WMB) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,219 shares of the pipeline company’s stock after purchasing an additional 568 shares during the period. Colonial River Investments LLC’s holdings in Williams Companies were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Williams Companies in the fourth quarter valued at $2,552,000. Howard Capital Management Inc. increased its holdings in shares of Williams Companies by 2.7% in the fourth quarter. Howard Capital Management Inc. now owns 12,652 shares of the pipeline company’s stock valued at $685,000 after purchasing an additional 331 shares during the last quarter. WESPAC Advisors LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at $857,000. TCW Group Inc. increased its holdings in shares of Williams Companies by 2.6% in the fourth quarter. TCW Group Inc. now owns 17,052 shares of the pipeline company’s stock valued at $923,000 after purchasing an additional 427 shares during the last quarter. Finally, Fisher Funds Management LTD acquired a new position in shares of Williams Companies in the fourth quarter valued at $18,036,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMB. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Barclays upped 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 note on Friday, January 10th. Truist Financial upped their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, UBS Group upped their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.29.

Williams Companies Stock Down 1.7 %

WMB stock opened at $57.44 on Monday. The stock has a market capitalization of $70.01 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 5.01 and a beta of 1.04. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12 month low of $34.26 and a 12 month high of $61.46. The firm has a 50-day moving average price of $56.15 and a 200-day moving average price of $52.31.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, equities research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal 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 issued a $0.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is 103.83%.

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.