The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Transcendent Capital Group LLC

Transcendent Capital Group LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 233.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,865 shares of the pipeline company’s stock after buying an additional 3,408 shares during the quarter. Transcendent Capital Group LLC’s holdings in Williams Companies were worth $263,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Williams Companies by 132.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 146,247 shares of the pipeline company’s stock valued at $6,676,000 after purchasing an additional 83,300 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Williams Companies by 494.7% during the 3rd quarter. International Assets Investment Management LLC now owns 394,161 shares of the pipeline company’s stock worth $17,993,000 after buying an additional 327,877 shares during the period. Assenagon Asset Management S.A. lifted its stake in Williams Companies by 36.4% during the third quarter. Assenagon Asset Management S.A. now owns 44,572 shares of the pipeline company’s stock valued at $2,035,000 after buying an additional 11,887 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Williams Companies by 25.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,021 shares of the pipeline company’s stock worth $4,020,000 after buying an additional 18,102 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of Williams Companies by 228.2% in the third quarter. Arkadios Wealth Advisors now owns 20,003 shares of the pipeline company’s stock worth $913,000 after acquiring an additional 13,909 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 0.3 %

WMB stock opened at $57.28 on Tuesday. 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 $34.54 and a twelve month high of $61.46. The company has a market cap of $69.82 billion, a P/E ratio of 31.30, a PEG ratio of 5.01 and a beta of 1.05. The business has a fifty day moving average of $56.21 and a 200-day moving average of $52.41.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. As a group, equities research analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current 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 issued a $0.50 dividend. 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 3.49%. The ex-dividend date is Friday, March 14th. Williams Companies’s dividend payout ratio is currently 109.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 15th. Mizuho increased their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Barclays boosted their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Scotiabank restated a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. Finally, The Goldman Sachs Group raised their target price on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.