Wingate Wealth Advisors Inc. Makes New $106,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

Wingate Wealth Advisors Inc. acquired a new position in The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,950 shares of the pipeline company’s stock, valued at approximately $106,000.

A number of other hedge funds have also made changes to their positions in WMB. Wellington Management Group LLP increased its position in shares of Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after buying an additional 5,697,605 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Williams Companies by 3,490.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock worth $86,605,000 after purchasing an additional 1,555,667 shares in the last quarter. National Bank of Canada FI increased its position in Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after purchasing an additional 922,550 shares in the last quarter. Castle Hook Partners LP increased its position in Williams Companies by 31.7% during the 3rd quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after purchasing an additional 718,915 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Williams Companies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial raised their price target on Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 price objective on shares of Williams Companies in a research note on Friday, January 10th. CIBC lifted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Bank of America assumed coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and an average price target of $53.00.

Williams Companies Trading Up 0.3 %

Shares of WMB stock opened at $56.11 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a market capitalization of $68.40 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The stock has a fifty day moving average of $55.91 and a two-hundred day moving average of $51.30. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46.

Williams Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.50 per share. The ex-dividend date 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 3.56%. Williams Companies’s payout ratio is 80.17%.

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.