BXM Wealth LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

BXM Wealth LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,935 shares of the pipeline company’s stock, valued at approximately $321,000.

Several other institutional investors have also recently added to or reduced their stakes in WMB. Quent Capital LLC purchased a new stake in Williams Companies during the fourth quarter worth approximately $25,000. AlphaMark Advisors LLC purchased a new stake in Williams Companies in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in Williams Companies in the third quarter valued at approximately $30,000. Financial Life Planners purchased a new stake in Williams Companies in the fourth quarter valued at approximately $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Williams Companies in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Down 0.8 %

Shares of WMB stock opened at $57.00 on Friday. The business’s fifty day moving average price is $55.85 and its 200 day moving average price is $51.55. The Williams Companies, Inc. has a 1-year low of $33.03 and a 1-year high of $61.46. The firm has a market capitalization of $69.48 billion, a PE ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

The company also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s payout ratio is presently 80.17%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WMB shares. Truist Financial boosted their price objective on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday. 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. The Goldman Sachs Group boosted their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Mizuho boosted 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. Finally, Barclays boosted their target price on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.