3,808 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. purchased a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,808 shares of the pipeline company’s stock, valued at approximately $206,000.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after purchasing an additional 5,697,605 shares during the period. Geode Capital Management LLC grew its position in shares of Williams Companies by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after buying an additional 520,663 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Williams Companies by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after buying an additional 67,016 shares during the last quarter. Swiss National Bank increased its stake in shares of Williams Companies by 0.3% in the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock valued at $165,130,000 after buying an additional 9,800 shares during the period. Finally, Barclays PLC raised its position in shares of Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after acquiring an additional 108,675 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WMB. Citigroup upped their target price on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Scotiabank restated a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a report on Friday, January 10th. UBS Group increased their price target on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Truist Financial upped their target price on Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.21.

Williams Companies Stock Performance

NYSE WMB opened at $56.21 on Friday. The company has a market cap of $68.52 billion, a P/E ratio of 30.72, a PEG ratio of 5.01 and a beta of 1.05. The company has a fifty day simple moving average of $56.43 and a 200 day simple moving average of $52.56. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $34.90 and a 12-month high of $61.46.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Sell-side analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is currently 109.29%.

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.