DAVENPORT & Co LLC Buys 4,818 Shares of The Williams Companies, Inc. (NYSE:WMB)

DAVENPORT & Co LLC grew its stake in The Williams Companies, Inc. (NYSE:WMBFree Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,377 shares of the pipeline company’s stock after purchasing an additional 4,818 shares during the quarter. DAVENPORT & Co LLC’s holdings in Williams Companies were worth $6,700,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its holdings in shares of Williams Companies by 96,588.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock valued at $2,086,641,000 after acquiring an additional 63,358,143 shares in the last quarter. Morgan Stanley grew its stake in Williams Companies by 0.7% in the 4th quarter. Morgan Stanley now owns 19,750,630 shares of the pipeline company’s stock valued at $649,796,000 after purchasing an additional 136,216 shares during the period. Royal Bank of Canada raised its stake in shares of Williams Companies by 85.8% during the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock worth $546,327,000 after purchasing an additional 7,551,749 shares during the period. Northern Trust Corp boosted its holdings in shares of Williams Companies by 8.1% in the 3rd quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after buying an additional 1,089,150 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Williams Companies by 7.3% during the third quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock valued at $459,148,000 after buying an additional 921,537 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on WMB

Williams Companies Price Performance

Shares of NYSE WMB opened at $39.35 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.48. The stock has a market cap of $47.95 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 6.25 and a beta of 1.05. The stock has a fifty day moving average of $35.91 and a 200-day moving average of $35.29.

Williams Companies (NYSE:WMBGet Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 firm earned $0.53 EPS. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.8 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.83%. Williams Companies’s dividend payout ratio is 72.52%.

Williams Companies Company 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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