QRG Capital Management Inc. Purchases 9,124 Shares of The Williams Companies, Inc. (NYSE:WMB)

QRG Capital Management Inc. raised its position in The Williams Companies, Inc. (NYSE:WMB) by 5.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 183,795 shares of the pipeline company’s stock after acquiring an additional 9,124 shares during the period. QRG Capital Management Inc.’s holdings in Williams Companies were worth $9,947,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Williams Companies in the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies in the fourth quarter valued at $25,000. AlphaMark Advisors LLC bought a new stake in Williams Companies during the 4th quarter worth about $27,000. Compass Planning Associates Inc acquired a new position in shares of Williams Companies during the 4th quarter worth about $30,000. Finally, Financial Life Planners bought a new position in shares of Williams Companies in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $56.21 on Friday. The firm’s fifty day moving average price is $56.43 and its two-hundred day moving average price is $52.56. The stock has a market cap of $68.52 billion, a PE ratio of 30.72, a PEG ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a fifty-two week low of $34.90 and a fifty-two week high of $61.46.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, equities analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is 109.29%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Scotiabank reiterated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. Truist Financial raised their target price 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. Mizuho upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Citigroup lifted their price objective on shares of Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $54.21.

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.