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

Concurrent Investment Advisors LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,467 shares of the pipeline company’s stock after buying an additional 1,918 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Williams Companies were worth $1,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Board of the Pension Protection Fund purchased a new stake in shares of Williams Companies during the 4th quarter worth about $720,000. Foundations Investment Advisors LLC grew its holdings in shares of Williams Companies by 13.8% during the 4th 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 period. Cornerstone Wealth Group LLC grew its holdings in shares of Williams Companies by 81.4% during the 4th 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 period. Golden State Equity Partners grew its holdings in shares of Williams Companies by 319.9% during the 4th 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 period. Finally, Myriad Asset Management US LP purchased a new stake in shares of Williams Companies during the 4th quarter worth about $995,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB opened at $57.44 on Friday. The business’s 50 day moving average is $56.15 and its two-hundred day moving average is $52.25. The Williams Companies, Inc. has a 52-week low of $34.26 and a 52-week high of $61.46. The firm 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 quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is currently 103.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMB shares. Truist Financial boosted their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Scotiabank reiterated a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a report on Friday, January 10th. Barclays boosted their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. UBS Group boosted their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group boosted their price target 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 given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies has a consensus rating of “Hold” and an average target price 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.