The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 95,375 shares of the pipeline company’s stock after selling 1,028 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Williams Companies were worth $5,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new position in shares of Williams Companies during the fourth quarter valued at approximately $720,000. Foundations Investment Advisors LLC raised its holdings in Williams Companies by 13.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 162,799 shares of the pipeline company’s stock valued at $8,811,000 after acquiring an additional 19,782 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of Williams Companies by 319.9% during the 4th quarter. Golden State Equity Partners now owns 12,038 shares of the pipeline company’s stock worth $651,000 after purchasing an additional 9,171 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in shares of Williams Companies by 81.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 185,920 shares of the pipeline company’s stock worth $10,062,000 after purchasing an additional 83,429 shares during the last quarter. Finally, Myriad Asset Management US LP purchased a new stake in shares of Williams Companies in the fourth quarter valued at $995,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WMB shares. The Goldman Sachs Group increased their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Mizuho boosted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Citigroup increased their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Barclays boosted their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.21.

Williams Companies Trading Down 1.2 %

NYSE:WMB opened at $56.21 on Friday. The business’s 50-day moving average is $56.43 and its two-hundred day moving average is $52.56. The firm has a market capitalization of $68.52 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $34.90 and a 12 month high of $61.46. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Research analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. 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. Williams Companies’s payout ratio is presently 109.29%.

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.