Strs Ohio Buys 15,872 Shares of The Williams Companies, Inc. (NYSE:WMB)

Strs Ohio lifted its position in The Williams Companies, Inc. (NYSE:WMB) by 37.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,418 shares of the pipeline company’s stock after purchasing an additional 15,872 shares during the quarter. Strs Ohio’s holdings in Williams Companies were worth $2,034,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rheos Capital Works Inc. grew its holdings in Williams Companies by 59.0% during the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after buying an additional 245,000 shares in the last quarter. Autumn Glory Partners LLC boosted its position in shares of Williams Companies by 28.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after acquiring an additional 23,579 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after acquiring an additional 2,482,331 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Williams Companies by 45.3% in the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after purchasing an additional 2,040,993 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Williams Companies by 3,338.2% in the fourth quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company’s stock worth $12,264,000 after purchasing an additional 341,863 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WMB. UBS Group increased their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Wolfe Research restated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research report on Thursday. Truist Financial lifted their price target 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, Barclays boosted their price objective 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.90.

Williams Companies Stock Up 2.5 %

Shares of NYSE:WMB opened at $38.53 on Friday. The firm has a market capitalization of $46.95 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05. The business has a 50 day simple moving average of $36.95 and a two-hundred day simple moving average of $35.68. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $39.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company posted $0.53 earnings per share. On average, equities analysts predict that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.93%. Williams Companies’s payout ratio is presently 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.