The Williams Companies, Inc. (NYSE:WMB) Shares Bought by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,930 shares of the pipeline company’s stock after purchasing an additional 5,671 shares during the quarter. Williams Companies comprises about 0.6% of Pinion Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Pinion Investment Advisors LLC’s holdings in Williams Companies were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMB. Bahl & Gaynor Inc. boosted its holdings in shares of Williams Companies by 2.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 8,425,933 shares of the pipeline company’s stock valued at $456,012,000 after purchasing an additional 234,423 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Williams Companies by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,405,951 shares of the pipeline company’s stock worth $400,810,000 after purchasing an additional 166,741 shares during the period. Reaves W H & Co. Inc. raised its holdings in Williams Companies by 0.4% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,140,093 shares of the pipeline company’s stock valued at $61,702,000 after buying an additional 4,646 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Williams Companies by 31.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 120,517 shares of the pipeline company’s stock valued at $6,522,000 after buying an additional 29,138 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its stake in Williams Companies by 10.6% during the fourth quarter. Schechter Investment Advisors LLC now owns 10,100 shares of the pipeline company’s stock worth $547,000 after buying an additional 967 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the topic of several recent research reports. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Barclays upped their target price 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 boosted their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. The Goldman Sachs Group increased their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Finally, UBS Group boosted their target price on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus target price of $54.21.

Williams Companies Price Performance

Shares of NYSE WMB opened at $57.52 on Tuesday. The firm’s 50-day simple moving average is $56.60 and its 200 day simple moving average is $52.89. The stock has a market cap of $70.14 billion, a P/E ratio of 31.43, a P/E/G ratio of 5.01 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 fifty-two week low of $35.74 and a fifty-two week high of $61.46.

Williams Companies (NYSE:WMB) last released its earnings results 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%. Equities analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The firm also recently announced 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 is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s payout ratio is presently 109.29%.

Insider Activity at Williams Companies

In other news, SVP Chad A. Teply sold 26,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $56.46, for a total transaction of $1,467,960.00. Following the completion of the sale, the senior vice president now directly owns 133,048 shares of the company’s stock, valued at $7,511,890.08. This trade represents a 16.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.44% of the company’s stock.

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.