RW Investment Management LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

RW Investment Management LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,314 shares of the pipeline company’s stock, valued at approximately $233,000.

Several other large investors also recently made changes to their positions in the stock. Creative Planning raised its stake in Williams Companies by 9.9% in the 3rd quarter. Creative Planning now owns 199,046 shares of the pipeline company’s stock valued at $9,086,000 after acquiring an additional 17,983 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Williams Companies by 132.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 146,247 shares of the pipeline company’s stock valued at $6,676,000 after acquiring an additional 83,300 shares during the period. Whittier Trust Co. raised its stake in Williams Companies by 3.5% in the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock valued at $368,000 after acquiring an additional 275 shares during the period. Foundations Investment Advisors LLC raised its stake in Williams Companies by 12.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 143,017 shares of the pipeline company’s stock valued at $6,529,000 after acquiring an additional 16,032 shares during the period. Finally, Calton & Associates Inc. bought a new stake in Williams Companies in the 3rd quarter valued at $389,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research analyst reports. Truist Financial increased their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays increased their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Mizuho increased their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group increased their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.29.

Williams Companies Stock Performance

NYSE:WMB opened at $58.25 on Thursday. The stock’s 50-day simple moving average is $56.02 and its 200 day simple moving average is $52.03. The firm has a market capitalization of $71.01 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 5.10 and a beta of 1.04. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $33.85 and a twelve month high of $61.46.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, analysts anticipate 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 paid a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.43%. Williams Companies’s dividend payout ratio (DPR) 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.