Lake Street Advisors Group LLC Boosts Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Lake Street Advisors Group LLC grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 198.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,083 shares of the pipeline company’s stock after buying an additional 69,912 shares during the period. Lake Street Advisors Group LLC’s holdings in Williams Companies were worth $5,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quent Capital LLC acquired a new stake in Williams Companies during the fourth quarter worth approximately $25,000. Bank of Jackson Hole Trust purchased a new position in shares of Williams Companies in the 4th quarter valued at $25,000. AlphaMark Advisors LLC acquired a new stake in Williams Companies during the 4th quarter worth $27,000. Compass Planning Associates Inc purchased a new stake in Williams Companies in the fourth quarter valued at $30,000. Finally, Financial Life Planners purchased a new stake in Williams Companies in the fourth quarter valued at $30,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMB has been the topic of several research reports. Barclays raised their price objective on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Mizuho raised their price target on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. UBS Group boosted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Citigroup raised their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Truist Financial upped their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.21.

Williams Companies Trading Down 2.1 %

Shares of Williams Companies stock opened at $56.13 on Wednesday. The firm has a market cap of $68.42 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $34.54 and a 52-week high of $61.46. The company’s 50-day simple moving average is $56.26 and its 200-day simple moving average is $52.50. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67.

Williams Companies (NYSE:WMB) last released its 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 return on equity of 15.85% and a net margin of 21.17%. As a group, equities research analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current 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 $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.56%. Williams Companies’s dividend payout ratio is presently 109.29%.

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.