Everett Harris & Co. CA Has $519,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Everett Harris & Co. CA grew its position in The Williams Companies, Inc. (NYSE:WMB) by 10.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,900 shares of the pipeline company’s stock after purchasing an additional 1,365 shares during the quarter. Everett Harris & Co. CA’s holdings in Williams Companies were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMB. Fairfield Bush & CO. acquired a new position in shares of Williams Companies in the 1st quarter valued at approximately $54,000. Acadian Asset Management LLC increased its position in Williams Companies by 32.3% during the 1st quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock worth $347,000 after purchasing an additional 2,540 shares in the last quarter. Cibc World Market Inc. increased its position in Williams Companies by 1,001.1% during the 1st quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock worth $3,375,000 after purchasing an additional 91,851 shares in the last quarter. Cetera Investment Advisers increased its position in Williams Companies by 42.9% during the 1st quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock worth $3,297,000 after purchasing an additional 29,625 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Williams Companies during the 1st quarter worth approximately $319,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday. Mizuho upped their price objective on shares of Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, UBS Group upped their price objective on shares of Williams Companies from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $38.09.

Williams Companies Stock Up 1.1 %

Shares of WMB stock traded up $0.41 on Thursday, hitting $38.95. The stock had a trading volume of 6,720,431 shares, compared to its average volume of 7,153,056. The business has a 50 day moving average of $35.50 and a 200 day moving average of $35.15. The stock has a market cap of $47.46 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 6.05 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.09.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period in the prior year, the company earned $0.53 earnings per share. As a group, analysts expect that The Williams Companies, Inc. will post 1.8 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.88%. Williams Companies’s payout ratio is currently 72.52%.

About Williams Companies

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.