PFG Investments LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

PFG Investments LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,185 shares of the pipeline company’s stock, valued at approximately $514,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMB. Barclays lifted their price objective on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Truist Financial increased their price target 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. UBS Group boosted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. One 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Stock Performance

WMB stock traded down $0.06 on Monday, hitting $39.20. The company’s stock had a trading volume of 5,048,086 shares, compared to its average volume of 6,978,512. The Williams Companies, Inc. has a 1 year low of $28.27 and a 1 year high of $39.76. The stock has a market cap of $47.76 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 6.14 and a beta of 1.04. The firm has a 50 day moving average of $37.55 and a two-hundred day moving average of $35.93. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping 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 business posted $0.53 earnings per share. Equities analysts predict that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 4.85%. Williams Companies’s payout ratio is 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.