Allen Capital Group LLC Cuts Position in The Williams Companies, Inc. (NYSE:WMB)

Allen Capital Group LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,092 shares of the pipeline company’s stock after selling 478 shares during the quarter. Allen Capital Group LLC’s holdings in Williams Companies were worth $317,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WMB. Patten Group Inc. lifted its position in shares of Williams Companies by 1.3% in the fourth quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after purchasing an additional 296 shares in the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Williams Companies by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after acquiring an additional 298 shares during the last quarter. Buckley Wealth Management LLC boosted its position in Williams Companies by 1.0% during the third quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock worth $1,040,000 after purchasing an additional 300 shares during the period. Horan Securities Inc. increased its stake in shares of Williams Companies by 2.6% in the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock valued at $396,000 after buying an additional 300 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of Williams Companies by 2.6% during the fourth quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after purchasing an additional 307 shares during the period. Institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research reports. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Truist Financial boosted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, UBS Group raised their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Williams Companies Stock Performance

NYSE WMB opened at $37.65 on Wednesday. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.76. The company has a fifty day moving average of $36.72 and a 200-day moving average of $35.62. The company has a market capitalization of $45.87 billion, a P/E ratio of 14.37, a P/E/G ratio of 5.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter last year, the company earned $0.53 earnings per share. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.84 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 5.05%. 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.