Mill Creek Capital Advisors LLC Increases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Mill Creek Capital Advisors LLC grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,004 shares of the pipeline company’s stock after purchasing an additional 1,007 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Williams Companies were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. AlphaMark Advisors LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Williams Companies in the third quarter valued at $30,000. Financial Life Planners acquired a new stake in shares of Williams Companies during the fourth quarter valued at $30,000. SOA Wealth Advisors LLC. purchased a new stake in Williams Companies during the 4th quarter worth about $32,000. Finally, Rosenberg Matthew Hamilton raised its stake in Williams Companies by 50.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Down 1.7 %

WMB opened at $55.24 on Wednesday. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46. The firm has a 50 day moving average price of $55.90 and a 200 day moving average price of $51.40. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company has a market cap of $67.33 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04.

Williams Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.50 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is presently 80.17%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Truist Financial lifted their target price on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. CIBC increased their price target on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Mizuho lifted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada increased their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and a consensus target price of $53.00.

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.