Pinnacle Financial Partners Inc Buys 598 Shares of The Williams Companies, Inc. (NYSE:WMB)

Pinnacle Financial Partners Inc increased its stake in The Williams Companies, Inc. (NYSE:WMBFree Report) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 48,074 shares of the pipeline company’s stock after acquiring an additional 598 shares during the period. Pinnacle Financial Partners Inc’s holdings in Williams Companies were worth $1,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WMB. Moneta Group Investment Advisors LLC boosted its stake in shares of Williams Companies by 96,588.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock worth $2,086,641,000 after purchasing an additional 63,358,143 shares during the period. Morgan Stanley lifted its stake in Williams Companies by 0.7% in the fourth quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock worth $649,796,000 after purchasing an additional 136,216 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Williams Companies by 85.8% during the first quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after buying an additional 7,551,749 shares during the period. Northern Trust Corp grew its stake in shares of Williams Companies by 8.1% during the third quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock valued at $486,991,000 after buying an additional 1,089,150 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Williams Companies by 7.3% in the third quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock worth $459,148,000 after buying an additional 921,537 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of NYSE:WMB opened at $39.29 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 6.18 and a beta of 1.05. The firm has a 50 day moving average of $35.80 and a 200 day moving average of $35.25. The Williams Companies, Inc. has a 52 week low of $28.27 and a 52 week high of $39.30.

Williams Companies (NYSE:WMBGet Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.8 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s payout ratio is currently 72.52%.

Analyst Ratings Changes

Several brokerages have commented on WMB. UBS Group upped their price objective on Williams Companies from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Truist Financial raised their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Mizuho upped their target price on shares of Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.09.

Check Out Our Latest Analysis on Williams Companies

Williams Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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