SG Americas Securities LLC Increases Position in The Williams Companies, Inc. (NYSE:WMB)

SG Americas Securities LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 121.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,549 shares of the pipeline company’s stock after buying an additional 32,125 shares during the quarter. SG Americas Securities LLC’s holdings in Williams Companies were worth $2,039,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FSC Wealth Advisors LLC purchased a new position in Williams Companies in the 3rd quarter worth approximately $27,000. HWG Holdings LP bought a new stake in shares of Williams Companies during the third quarter valued at approximately $29,000. Salem Investment Counselors Inc. lifted its holdings in shares of Williams Companies by 52.5% in the second quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company’s stock worth $29,000 after buying an additional 315 shares in the last quarter. Carmel Capital Partners LLC bought a new position in shares of Williams Companies during the third quarter worth $31,000. Finally, CGC Financial Services LLC purchased a new position in shares of Williams Companies during the fourth quarter valued at about $35,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several recent research reports. Mizuho lifted their price target on Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. UBS Group upped their price target on shares of Williams Companies from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Truist Financial raised their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.09.

Williams Companies Stock Performance

Shares of WMB stock opened at $38.54 on Thursday. The Williams Companies, Inc. has a 12-month low of $28.26 and a 12-month high of $38.77. The business’s fifty day simple moving average is $35.41 and its 200-day simple moving average is $35.12. 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 company has a market cap of $46.96 billion, a PE ratio of 14.71, a PEG ratio of 6.07 and a beta of 1.04.

Williams Companies (NYSE:WMB) last issued 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 net margin of 29.22% and a return on equity of 16.20%. During the same quarter last year, the business posted $0.53 EPS. Analysts expect that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

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 issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.93%. Williams Companies’s payout ratio is presently 72.52%.

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.