148,974 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP bought a new stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 148,974 shares of the pipeline company's stock, valued at approximately $8,062,000. Williams Companies comprises approximately 0.8% of Pinnbrook Capital Management LP's portfolio, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMB. Sanctuary Advisors LLC lifted its stake in Williams Companies by 2.7% in the fourth quarter. Sanctuary Advisors LLC now owns 464,801 shares of the pipeline company's stock valued at $26,303,000 after purchasing an additional 12,062 shares during the last quarter. Americana Partners LLC grew its stake in shares of Williams Companies by 340.5% during the 4th quarter. Americana Partners LLC now owns 441,663 shares of the pipeline company's stock worth $23,903,000 after acquiring an additional 341,400 shares during the period. Keystone Financial Services bought a new position in shares of Williams Companies during the 4th quarter worth $222,000. Pinnacle Wealth Management Advisory Group LLC increased its holdings in Williams Companies by 21.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,193 shares of the pipeline company's stock worth $335,000 after acquiring an additional 1,096 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in Williams Companies by 13.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,629 shares of the pipeline company's stock valued at $629,000 after acquiring an additional 1,392 shares during the period. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Down 1.7 %

NYSE:WMB traded down $1.02 during mid-day trading on Friday, reaching $57.44. 11,081,263 shares of the company's stock traded hands, compared to its average volume of 7,709,167. The company has a 50 day moving average price of $56.15 and a 200-day moving average price of $52.18. The firm has a market capitalization of $70.01 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 5.00 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The Williams Companies, Inc. has a 12-month low of $34.26 and a 12-month high of $61.46.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. On average, sell-side analysts predict that The Williams Companies, Inc. will post 2.08 earnings per share for the current year.

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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.48%. This is a boost from Williams Companies's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Williams Companies's dividend payout ratio (DPR) is currently 109.29%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Truist Financial upped their price target on shares of Williams Companies from $56.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Barclays increased their target price on Williams Companies from $46.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Scotiabank reiterated a "sector perform" rating and issued a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. UBS Group raised their target price on Williams Companies from $55.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, The Goldman Sachs Group upped their price target 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 investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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.