4,955 Shares in The Williams Companies, Inc. (NYSE:WMB) Purchased by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC acquired a new position in The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,955 shares of the pipeline company’s stock, valued at approximately $268,000.

Several other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in shares of Williams Companies in the fourth quarter worth about $25,000. Bank of Jackson Hole Trust purchased a new stake in Williams Companies in the 4th quarter valued at about $25,000. AlphaMark Advisors LLC bought a new position in Williams Companies in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Williams Companies during the third quarter valued at approximately $30,000. Finally, Financial Life Planners purchased a new stake in shares of Williams Companies in the fourth quarter valued at approximately $30,000. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the topic of several research reports. The Goldman Sachs Group raised their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Mizuho upped their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Scotiabank reissued 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 boosted their price target on shares of Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, Truist Financial increased their price objective on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.29.

Williams Companies Trading Down 0.3 %

Williams Companies stock opened at $57.28 on Tuesday. The Williams Companies, Inc. has a one year low of $34.54 and a one year high of $61.46. The stock has a market cap of $69.82 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 5.01 and a beta of 1.05. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock has a 50-day moving average of $56.21 and a two-hundred day moving average of $52.41.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. On average, research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.49%. Williams Companies’s payout ratio is 109.29%.

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.