Pinnbrook Capital Management LP Buys Shares of 148,974 The Williams Companies, Inc. (NYSE:WMB)

Pinnbrook Capital Management LP purchased a new position in The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 148,974 shares of the pipeline company’s stock, valued at approximately $8,062,000. Williams Companies makes up about 0.8% of Pinnbrook Capital Management LP’s holdings, making the stock its 25th largest position.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in Williams Companies during the fourth quarter worth about $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies during the 4th quarter worth $27,000. Financial Life Planners purchased a new stake in Williams Companies during the 4th quarter worth about $30,000. SOA Wealth Advisors LLC. acquired a new stake in Williams Companies in the 4th quarter valued at about $32,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Williams Companies in the 3rd quarter valued at about $30,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Down 0.8 %

NYSE:WMB opened at $57.00 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a 50-day simple moving average of $55.85 and a 200 day simple moving average of $51.77. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a one year low of $33.03 and a one year high of $61.46.

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 the consensus estimate of $0.47. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. Sell-side analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WMB shares. CIBC boosted their target price on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Truist Financial boosted their price target on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday. UBS Group upped their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Finally, Barclays upped their price target 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $53.29.

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.