Pinnacle Financial Partners Inc Has $1.67 Million Holdings in The Williams Companies, Inc. (NYSE:WMB)

Pinnacle Financial Partners Inc raised its holdings in The Williams Companies, Inc. (NYSE:WMBFree Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,074 shares of the pipeline company’s stock after acquiring an additional 598 shares during the period. Pinnacle Financial Partners Inc’s holdings in Williams Companies were worth $1,674,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in Williams Companies by 96,588.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after purchasing an additional 63,358,143 shares during the last quarter. Morgan Stanley lifted its stake in shares of Williams Companies by 0.7% in the 4th quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock valued at $649,796,000 after acquiring an additional 136,216 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Williams Companies by 85.8% during the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after acquiring an additional 7,551,749 shares in the last quarter. Northern Trust Corp grew its position in Williams Companies by 8.1% during the 3rd quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after acquiring an additional 1,089,150 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Williams Companies by 7.3% in the 3rd quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after purchasing an additional 921,537 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

WMB stock opened at $39.29 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The company’s fifty day simple moving average is $35.80 and its 200 day simple moving average is $35.25. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.30. The firm has a market cap of $47.87 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 6.18 and a beta of 1.05.

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

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s payout ratio is presently 72.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMB. UBS Group boosted their price target on Williams Companies from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Truist Financial boosted their target price on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, Mizuho raised their price target on shares of Williams Companies from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus target price of $38.09.

Check Out Our Latest Research Report on Williams Companies

Williams Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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