GAMMA Investing LLC Acquires New Position in The Williams Companies, Inc. (NYSE:WMB)

GAMMA Investing LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,836 shares of the pipeline company’s stock, valued at approximately $376,000.

A number of other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC raised its position in Williams Companies by 120.8% in the 3rd quarter. SG Americas Securities LLC now owns 26,424 shares of the pipeline company’s stock valued at $890,000 after purchasing an additional 153,630 shares during the last quarter. Avior Wealth Management LLC grew its stake in shares of Williams Companies by 2.1% during the 3rd quarter. Avior Wealth Management LLC now owns 23,743 shares of the pipeline company’s stock worth $800,000 after purchasing an additional 486 shares during the period. Caprock Group LLC grew its stake in shares of Williams Companies by 27.2% during the 3rd quarter. Caprock Group LLC now owns 9,970 shares of the pipeline company’s stock worth $336,000 after purchasing an additional 2,129 shares during the period. Occidental Asset Management LLC grew its stake in shares of Williams Companies by 7.9% during the 3rd quarter. Occidental Asset Management LLC now owns 59,346 shares of the pipeline company’s stock worth $1,999,000 after purchasing an additional 4,343 shares during the period. Finally, Oak Thistle LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth $1,096,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMB shares. Barclays increased their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Truist Financial increased their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, March 25th. UBS Group increased their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Wolfe Research reissued an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.22.

Williams Companies Price Performance

NYSE:WMB opened at $39.25 on Thursday. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The company’s 50-day moving average is $37.25 and its two-hundred day moving average is $35.82. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same period last year, the business posted $0.53 EPS. Research analysts expect that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.84%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

Williams Companies Company 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.