Tobam Purchases New Holdings in The Williams Companies, Inc. (NYSE:WMB)

Tobam acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, Holdings Channel reports. The firm acquired 1,833 shares of the pipeline company’s stock, valued at approximately $99,000.

A number of other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Williams Companies by 0.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 570,307 shares of the pipeline company’s stock worth $30,865,000 after buying an additional 4,644 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Williams Companies during the 4th quarter valued at $3,085,000. Consolidated Portfolio Review Corp acquired a new position in Williams Companies during the 4th quarter worth $230,000. GHP Investment Advisors Inc. increased its position in shares of Williams Companies by 24.4% in 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 last quarter. Finally, Fractal Investments LLC raised its stake in shares of Williams Companies by 27.6% in the 4th quarter. Fractal Investments LLC now owns 531,500 shares of the pipeline company’s stock valued at $28,765,000 after purchasing an additional 115,000 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WMB shares. Mizuho boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Scotiabank reiterated a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research note on Friday, January 10th. Finally, Truist Financial lifted their price target 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.00.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $55.93 on Friday. The firm’s 50 day moving average is $55.96 and its two-hundred day moving average is $51.11. The firm has a market capitalization of $68.18 billion, a P/E ratio of 23.60, a PEG ratio of 5.06 and a beta of 1.04. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $61.46.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Williams Companies 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.