Cetera Trust Company N.A Makes New $85,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

Cetera Trust Company N.A acquired 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 and Exchange Commission (SEC). The institutional investor acquired 2,435 shares of the pipeline company’s stock, valued at approximately $85,000.

Other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies during the fourth quarter worth $26,000. FSC Wealth Advisors LLC acquired a new position in Williams Companies during the third quarter worth $27,000. HWG Holdings LP acquired a new position in Williams Companies during the third quarter worth $29,000. Carmel Capital Partners LLC acquired a new position in Williams Companies during the third quarter worth $31,000. Finally, CGC Financial Services LLC acquired a new position in Williams Companies during the fourth quarter worth $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on WMB shares. Barclays increased their price objective on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research restated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial raised their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Finally, UBS Group raised their target price on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $39.22.

Williams Companies Price Performance

Williams Companies stock opened at $38.66 on Tuesday. The business’s 50-day simple moving average is $37.03 and its 200 day simple moving average is $35.76. The stock has a market cap of $47.10 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 6.02 and a beta of 1.04. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

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 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 period in the previous year, the business earned $0.53 EPS. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.83 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.91%. Williams Companies’s dividend payout ratio is 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.