6,361 Shares in The Williams Companies, Inc. (NYSE:WMB) Acquired by Brookstone Capital Management

Brookstone Capital Management purchased a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,361 shares of the pipeline company’s stock, valued at approximately $222,000.

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

Williams Companies Price Performance

WMB opened at $38.54 on Thursday. The stock’s 50-day moving average price is $35.41 and its 200 day moving average price is $35.12. The Williams Companies, Inc. has a 12-month low of $28.26 and a 12-month high of $38.77. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The firm has a market cap of $46.96 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 6.07 and a beta of 1.04.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results 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 period last year, the company posted $0.53 EPS. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 1.8 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.93%. Williams Companies’s dividend payout ratio is currently 72.52%.

Analysts Set New Price Targets

Several analysts have issued reports on WMB shares. UBS Group upped their target price on Williams Companies from $41.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Truist Financial increased their price target on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday. Finally, Mizuho increased their price target on Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $38.09.

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.