Concurrent Investment Advisors LLC Grows Position in The Williams Companies, Inc. (NYSE:WMB)

Concurrent Investment Advisors LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,467 shares of the pipeline company’s stock after buying an additional 1,918 shares during the period. Concurrent Investment Advisors LLC’s holdings in Williams Companies were worth $1,649,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft raised its position in Williams Companies by 3.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after acquiring an additional 180 shares in the last quarter. Albion Financial Group UT raised its position in Williams Companies by 18.4% in the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after acquiring an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC raised its position in Williams Companies by 3.8% in the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after acquiring an additional 185 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Williams Companies by 24.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 195 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in Williams Companies by 2.6% in the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after acquiring an additional 197 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Trading Down 1.7 %

Williams Companies stock opened at $57.44 on Friday. The stock has a market cap of $70.01 billion, a PE ratio of 31.39, a P/E/G ratio of 5.01 and a beta of 1.04. The stock has a 50-day moving average price of $56.15 and a 200 day moving average price of $52.25. The Williams Companies, Inc. has a 52 week low of $34.26 and a 52 week high of $61.46. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data 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 return on equity of 15.85% and a net margin of 21.17%. Equities research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.48%. Williams Companies’s payout ratio is 103.83%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WMB shares. UBS Group increased their price objective on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Barclays raised their price target on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Truist Financial raised their price target on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group raised their price target on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. One research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.29.

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.