Strategic Financial Concepts LLC Makes New $3.09 Million Investment in The Williams Companies, Inc. (NYSE:WMB)

Strategic Financial Concepts LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,003 shares of the pipeline company’s stock, valued at approximately $3,085,000.

Other hedge funds have also recently modified their holdings of the company. Consolidated Portfolio Review Corp acquired a new position in Williams Companies in the fourth quarter valued at approximately $230,000. GHP Investment Advisors Inc. increased its holdings in shares of Williams Companies by 24.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 195 shares in the last quarter. Fractal Investments LLC lifted its stake in shares of Williams Companies by 27.6% in the 4th quarter. Fractal Investments LLC now owns 531,500 shares of the pipeline company’s stock valued at $28,765,000 after purchasing an additional 115,000 shares during the period. YANKCOM Partnership purchased a new stake in Williams Companies during the fourth quarter worth $1,639,000. Finally, LCM Capital Management Inc acquired a new stake in Williams Companies during the fourth quarter valued at $235,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WMB shares. CIBC increased 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. The Goldman Sachs Group increased 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. Barclays boosted their price objective on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Royal Bank of Canada increased their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group boosted their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Stock Performance

NYSE:WMB opened at $55.93 on Monday. The company has a market cap of $68.18 billion, a P/E ratio of 23.60, a P/E/G ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $61.46. The company’s 50-day moving average price is $55.91 and its 200-day moving average price is $51.24. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Friday, March 14th. Williams Companies’s payout ratio is currently 80.17%.

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.