5,935 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by BXM Wealth LLC

BXM Wealth LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,935 shares of the pipeline company's stock, valued at approximately $321,000.

Several other hedge funds also recently modified their holdings of WMB. Wellington Management Group LLP increased its stake in Williams Companies by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company's stock valued at $1,631,288,000 after purchasing an additional 5,697,605 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 acquiring an additional 1,555,667 shares during the last quarter. National Bank of Canada FI boosted its holdings 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 acquiring an additional 922,550 shares during the last quarter. Castle Hook Partners LP boosted its holdings 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 acquiring an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 acquiring an additional 520,663 shares during the last quarter. Institutional investors own 86.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMB. The Goldman Sachs Group boosted their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Barclays upped their price objective on shares of Williams Companies from $46.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. UBS Group upped their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a "buy" rating in a report on Friday, November 15th. 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. Finally, Truist Financial upped their price target on Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $53.29.

Williams Companies Price Performance

WMB traded up $0.45 during midday trading on Wednesday, hitting $58.25. The stock had a trading volume of 7,502,611 shares, compared to its average volume of 7,644,162. The company has a market cap of $71.01 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 5.07 and a beta of 1.04. The business has a fifty day moving average of $55.97 and a 200 day moving average of $51.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The Williams Companies, Inc. has a 1 year low of $33.85 and a 1 year high of $61.46.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.85% and a net margin of 21.17%. As a group, equities analysts forecast that The Williams Companies, Inc. will post 2.06 earnings per share for the current fiscal year.

Williams Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid 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 dividend on an annualized basis and a yield of 3.43%. Williams Companies's dividend payout ratio (DPR) is presently 103.83%.

About Williams Companies

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.