57,003 Shares in The Williams Companies, Inc. (NYSE:WMB) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 57,003 shares of the pipeline company’s stock, valued at approximately $3,085,000.

Several other hedge funds have also made changes to their positions in WMB. Baader Bank Aktiengesellschaft lifted its holdings in Williams Companies by 3.3% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock valued at $300,000 after acquiring an additional 180 shares during the last quarter. Albion Financial Group UT lifted its stake in shares of Williams Companies by 18.4% in the 4th quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock valued at $64,000 after purchasing an additional 184 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Williams Companies by 24.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 195 shares during the period. Brooklyn Investment Group increased its position in shares of Williams Companies by 2.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in shares of Williams Companies by 10.1% during the 4th quarter. Laurel Wealth Advisors LLC now owns 2,178 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial lifted their target price on shares of Williams Companies from $52.00 to $56.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Barclays upped their price target on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Royal Bank of Canada lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Scotiabank reissued a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Stock Down 0.1 %

WMB stock opened at $55.93 on Monday. The company’s 50 day moving average price is $55.91 and its 200 day moving average price is $51.24. The firm has a market capitalization of $68.18 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

Williams Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. Williams Companies’s dividend payout ratio is currently 80.17%.

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.