McClarren Financial Advisors Inc. Invests $88,000 in The Williams Companies, Inc. (NYSE:WMB)

McClarren Financial Advisors Inc. purchased a new stake in The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,629 shares of the pipeline company’s stock, valued at approximately $88,000.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WMB. Royal Bank of Canada raised their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. UBS Group boosted their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Mizuho increased their price target on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Truist Financial boosted their price objective on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Finally, Bank of America started coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.00.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $54.83 on Thursday. The firm has a market capitalization of $66.84 billion, a PE ratio of 23.14, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The company has a 50-day moving average price of $55.87 and a two-hundred day moving average price of $51.49. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $61.46.

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

Williams Companies Increases Dividend

The business also recently declared 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 of this dividend is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. Williams Companies’s payout ratio is 80.17%.

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.