Ieq Capital LLC Has $2.94 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Ieq Capital LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,307 shares of the pipeline company’s stock after buying an additional 10,511 shares during the period. Ieq Capital LLC’s holdings in Williams Companies were worth $2,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMB. Allspring Global Investments Holdings LLC boosted its holdings in shares of Williams Companies by 132.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 146,247 shares of the pipeline company’s stock worth $6,676,000 after acquiring an additional 83,300 shares in the last quarter. Private Advisor Group LLC raised its position in Williams Companies by 8.2% in the 3rd quarter. Private Advisor Group LLC now owns 106,170 shares of the pipeline company’s stock valued at $4,847,000 after purchasing an additional 8,015 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Williams Companies by 494.7% in the third quarter. International Assets Investment Management LLC now owns 394,161 shares of the pipeline company’s stock worth $17,993,000 after purchasing an additional 327,877 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Williams Companies by 36.4% during the third quarter. Assenagon Asset Management S.A. now owns 44,572 shares of the pipeline company’s stock worth $2,035,000 after purchasing an additional 11,887 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Williams Companies by 6.8% in the third quarter. Ballentine Partners LLC now owns 26,650 shares of the pipeline company’s stock valued at $1,217,000 after buying an additional 1,690 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Down 1.7 %

NYSE WMB opened at $57.44 on Friday. The Williams Companies, Inc. has a 12 month low of $34.26 and a 12 month high of $61.46. The stock has a 50-day simple moving average of $56.15 and a 200 day simple moving average of $52.25. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $70.01 billion, a PE ratio of 31.39, a P/E/G ratio of 5.01 and a beta of 1.04.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Research analysts forecast that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.50 dividend. This is a positive change from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.48%. Williams Companies’s payout ratio is 103.83%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMB. Scotiabank reiterated a “sector perform” rating and set a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Barclays upped their target price on shares of Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Truist Financial raised their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a “hold” rating in a report on Friday, February 14th. Mizuho boosted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, The Goldman Sachs Group increased their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. One research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.29.

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.