OVERSEA CHINESE BANKING Corp Ltd Invests $212,000 in The Williams Companies, Inc. (NYSE:WMB)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, Holdings Channel.com reports. The fund acquired 6,077 shares of the pipeline company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Williams Companies in the fourth quarter worth $26,000. FSC Wealth Advisors LLC purchased a new position in Williams Companies in the 3rd quarter valued at about $27,000. HWG Holdings LP acquired a new stake in shares of Williams Companies during the 3rd quarter worth about $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Williams Companies during the third quarter worth about $31,000. Finally, CGC Financial Services LLC acquired a new stake in Williams Companies during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WMB shares. Wolfe Research reissued an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Barclays raised their price target on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Truist Financial upped their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group increased their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Stock Up 0.4 %

Shares of Williams Companies stock opened at $38.66 on Tuesday. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.76. The stock has a market cap of $47.10 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 6.02 and a beta of 1.04. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average price of $37.03 and a 200 day moving average price of $35.76.

Williams Companies (NYSE:WMB) last issued 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 period in the prior year, the business earned $0.53 earnings per share. Equities research analysts forecast that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%. Williams Companies’s dividend payout ratio is currently 72.52%.

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.