Transcend Capital Advisors LLC Increases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Transcend Capital Advisors LLC lifted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,772 shares of the pipeline company’s stock after acquiring an additional 435 shares during the period. Transcend Capital Advisors LLC’s holdings in Williams Companies were worth $745,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Board of the Pension Protection Fund purchased a new stake in Williams Companies during the 4th quarter worth approximately $720,000. Foundations Investment Advisors LLC grew its stake in Williams Companies by 13.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock valued at $8,811,000 after purchasing an additional 19,782 shares during the last quarter. Cornerstone Wealth Group LLC grew its stake in Williams Companies by 81.4% during the 4th quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock valued at $10,062,000 after purchasing an additional 83,429 shares during the last quarter. Golden State Equity Partners grew its stake in Williams Companies by 319.9% during the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock valued at $651,000 after purchasing an additional 9,171 shares during the last quarter. Finally, Myriad Asset Management US LP purchased a new stake in Williams Companies in the fourth quarter valued at approximately $995,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays upped their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Truist Financial lifted their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Scotiabank restated a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. The Goldman Sachs Group lifted 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. Finally, Mizuho upped 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $53.29.

Williams Companies Trading Down 1.7 %

WMB stock opened at $57.44 on Friday. The business’s 50-day moving average is $56.15 and its 200 day moving average is $52.25. The Williams Companies, Inc. has a 12-month low of $34.26 and a 12-month high of $61.46. The stock has a market cap of $70.01 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 5.01 and a beta of 1.04. 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 issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (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%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio 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.