Crestwood Advisors Group LLC Has $11.94 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Crestwood Advisors Group LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,543 shares of the pipeline company’s stock after selling 2,611 shares during the period. Crestwood Advisors Group LLC’s holdings in Williams Companies were worth $11,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth about $25,000. Bank of Jackson Hole Trust bought a new position in Williams Companies during the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Williams Companies in the third quarter valued at approximately $30,000. Finally, Financial Life Planners bought a new stake in Williams Companies in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Mizuho raised their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Barclays upped their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Scotiabank reissued a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. Finally, UBS Group boosted their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities 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 MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.29.

Williams Companies Trading Down 1.7 %

Shares of Williams Companies stock opened at $57.44 on Monday. The Williams Companies, Inc. has a 1 year low of $34.26 and a 1 year high of $61.46. The company’s fifty day simple moving average is $56.15 and its 200-day simple moving average is $52.31. The company 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 current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared 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 is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.48%. Williams Companies’s dividend payout ratio is 103.83%.

About Williams Companies

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.