Equitable Trust Co. Has $543,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Equitable Trust Co. raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,028 shares of the pipeline company’s stock after purchasing an additional 213 shares during the quarter. Equitable Trust Co.’s holdings in Williams Companies were worth $543,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WMB. Valeo Financial Advisors LLC raised its position in shares of Williams Companies by 5.5% in the third quarter. Valeo Financial Advisors LLC now owns 6,459 shares of the pipeline company’s stock valued at $295,000 after purchasing an additional 337 shares during the period. Ritholtz Wealth Management grew its stake in Williams Companies by 5.8% in the 3rd quarter. Ritholtz Wealth Management now owns 9,203 shares of the pipeline company’s stock valued at $420,000 after buying an additional 506 shares during the last quarter. CHICAGO TRUST Co NA bought a new position in Williams Companies in the 3rd quarter valued at about $246,000. Empirical Asset Management LLC boosted its holdings in shares of Williams Companies by 2.8% during the third quarter. Empirical Asset Management LLC now owns 11,260 shares of the pipeline company’s stock worth $514,000 after acquiring an additional 304 shares during the period. Finally, Wesbanco Bank Inc. bought a new stake in shares of Williams Companies during the third quarter worth approximately $235,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $55.24 on Wednesday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46. The firm has a market capitalization of $67.33 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 5.06 and a beta of 1.05. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The firm’s 50 day simple moving average is $55.90 and its 200 day simple moving average is $51.40.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is currently 84.39%.

Analyst Ratings Changes

Several equities analysts have recently commented 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 research report on Friday, November 15th. Truist Financial increased their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Bank of America assumed coverage on shares of Williams Companies in a research report on Thursday, October 17th. They issued a “buy” rating and a $55.00 target price for the company. Scotiabank reaffirmed a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Finally, CIBC lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.00.

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.