Capital Advisors Inc. OK Sells 6,670 Shares of The Williams Companies, Inc. (NYSE:WMB)

Capital Advisors Inc. OK lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,302,033 shares of the pipeline company’s stock after selling 6,670 shares during the quarter. Williams Companies accounts for 2.5% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 6th biggest position. Capital Advisors Inc. OK’s holdings in Williams Companies were worth $124,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMB. Baader Bank Aktiengesellschaft lifted its stake in shares of Williams Companies by 3.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 5,568 shares of the pipeline company’s stock worth $300,000 after purchasing an additional 180 shares in the last quarter. Albion Financial Group UT lifted its stake in shares of Williams Companies by 18.4% during the fourth quarter. Albion Financial Group UT now owns 1,184 shares of the pipeline company’s stock worth $64,000 after purchasing an additional 184 shares in the last quarter. Sprinkle Financial Consultants LLC lifted its stake in shares of Williams Companies by 3.8% during the fourth quarter. Sprinkle Financial Consultants LLC now owns 5,073 shares of the pipeline company’s stock worth $275,000 after purchasing an additional 185 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Williams Companies by 24.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 995 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 195 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in shares of Williams Companies by 2.6% during the third quarter. Brooklyn Investment Group now owns 7,817 shares of the pipeline company’s stock worth $357,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Royal Bank of Canada boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 price objective on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. Barclays lifted their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Truist Financial lifted their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. 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 MarketBeat.com, Williams Companies has an average rating of “Hold” and an average target price of $53.00.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $55.24 on Wednesday. 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 stock has a 50 day simple moving average of $55.90 and a 200-day simple moving average of $51.40. The company has a market cap of $67.33 billion, a PE ratio of 23.31, a P/E/G ratio of 5.06 and a beta of 1.04. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $61.46.

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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. Williams Companies’s payout ratio is currently 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.