ABC Arbitrage SA Purchases New Position in The Williams Companies, Inc. (NYSE:WMB)

ABC Arbitrage SA purchased a new stake in The Williams Companies, Inc. (NYSE:WMBFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 69,094 shares of the pipeline company’s stock, valued at approximately $3,739,000.

Other hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund purchased a new position in Williams Companies in the 4th quarter valued at approximately $720,000. Foundations Investment Advisors LLC lifted its stake in Williams Companies by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock worth $8,811,000 after purchasing an additional 19,782 shares during the last quarter. Golden State Equity Partners lifted its stake in Williams Companies by 319.9% in the fourth quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after purchasing an additional 9,171 shares during the last quarter. Cornerstone Wealth Group LLC lifted its stake in Williams Companies by 81.4% in the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after purchasing an additional 83,429 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Williams Companies by 17.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 75,278 shares of the pipeline company’s stock valued at $4,074,000 after acquiring an additional 10,950 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the topic of several research analyst reports. Barclays boosted 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 report on Friday, January 10th. UBS Group increased their price target on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.29.

View Our Latest Research Report on Williams Companies

Williams Companies Price Performance

Williams Companies stock opened at $57.00 on Friday. The Williams Companies, Inc. has a 12-month low of $33.03 and a 12-month high of $61.46. The stock has a market cap of $69.48 billion, a P/E ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04. The company has a 50-day moving average price of $55.85 and a 200 day moving average price of $51.55. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMBGet Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s payout ratio is currently 80.17%.

About Williams Companies

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Williams Companies, Inc. (NYSE:WMBFree Report).

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.