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

Mather Group LLC. boosted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,186 shares of the pipeline company’s stock after buying an additional 580 shares during the quarter. Mather Group LLC.’s holdings in Williams Companies were worth $459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley boosted its stake in Williams Companies by 3.9% during the third quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after buying an additional 712,048 shares during the period. Northern Trust Corp boosted its stake in Williams Companies by 8.1% during the third quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after buying an additional 1,089,150 shares during the period. Federated Hermes Inc. boosted its stake in Williams Companies by 7.3% during the third quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after buying an additional 921,537 shares during the period. Bank of New York Mellon Corp boosted its stake in Williams Companies by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock worth $380,748,000 after buying an additional 68,674 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after buying an additional 2,482,331 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Down 1.2 %

Shares of NYSE:WMB opened at $37.89 on Thursday. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76. The company has a market capitalization of $46.17 billion, a PE ratio of 14.46, a PEG ratio of 6.02 and a beta of 1.05. The business has a 50 day moving average of $37.70 and a two-hundred day moving average of $35.97. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, analysts forecast that The Williams Companies, Inc. will post 1.82 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, June 7th. Williams Companies’s dividend payout ratio is currently 72.52%.

Analysts Set New Price Targets

WMB has been the subject of several research analyst reports. Wolfe Research reiterated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. Barclays lifted their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday. Truist Financial lifted their target price on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Finally, UBS Group lifted their target price on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.22.

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.