DT Investment Partners LLC Buys 220 Shares of The Williams Companies, Inc. (NYSE:WMB)

DT Investment Partners LLC grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 890 shares of the pipeline company’s stock after buying an additional 220 shares during the period. DT Investment Partners LLC’s holdings in Williams Companies were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Williams Companies by 19.0% during the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after buying an additional 5,697,605 shares during the period. Geode Capital Management LLC grew its holdings in shares of Williams Companies by 1.7% during the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Williams Companies by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock worth $330,470,000 after purchasing an additional 67,016 shares in the last quarter. Swiss National Bank grew its holdings in shares of Williams Companies by 0.3% during the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after purchasing an additional 108,675 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $57.52 on Friday. 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 Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $61.46. The stock has a 50 day moving average price of $55.84 and a two-hundred day moving average price of $51.51. The company has a market capitalization of $70.12 billion, a P/E ratio of 24.27, a PEG ratio of 5.06 and a beta of 1.04.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 3.48%. The ex-dividend date is Friday, March 14th. This is an increase from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio is currently 80.17%.

Analyst Ratings Changes

Several research analysts have recently commented on WMB shares. Scotiabank reissued a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a report on Friday, January 10th. Mizuho boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. The Goldman Sachs Group upped their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Truist Financial upped their target price on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Finally, CIBC upped their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.00.

About Williams Companies

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.