The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lowered by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 448,842 shares of the pipeline company’s stock after selling 3,564 shares during the quarter. Williams Companies accounts for about 1.7% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 17th largest holding. Adell Harriman & Carpenter Inc.’s holdings in Williams Companies were worth $24,291,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in shares of Williams Companies in the fourth quarter worth approximately $25,000. AlphaMark Advisors LLC acquired a new position in Williams Companies in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new position in Williams Companies during the 3rd quarter worth approximately $30,000. Financial Life Planners acquired a new stake in Williams Companies during the 4th quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Williams Companies in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Down 0.8 %

Williams Companies stock opened at $57.00 on Friday. The Williams Companies, Inc. has a one year low of $33.03 and a one year high of $61.46. The company’s fifty day moving average price is $55.85 and its two-hundred day moving average price is $51.55. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04.

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

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.50 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. Williams Companies’s payout ratio is currently 80.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMB. CIBC lifted their price target on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Mizuho lifted their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Truist Financial boosted their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research report on Friday. Finally, Barclays increased their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.29.

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.