BXM Wealth LLC Acquires Shares of 5,935 The Williams Companies, Inc. (NYSE:WMB)

BXM Wealth LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,935 shares of the pipeline company’s stock, valued at approximately $321,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in Williams Companies in the 4th quarter valued at $25,000. AlphaMark Advisors LLC purchased a new position in Williams Companies in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new position in Williams Companies in the 3rd quarter valued at $30,000. Financial Life Planners purchased a new position in Williams Companies in the 4th quarter valued at $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in Williams Companies in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB opened at $57.00 on Friday. The company has a market cap of $69.48 billion, a P/E ratio of 24.05, a P/E/G ratio of 5.06 and a beta of 1.04. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The stock has a 50-day moving average of $55.85 and a two-hundred day moving average of $51.55. The Williams Companies, Inc. has a 1-year low of $33.03 and a 1-year high of $61.46.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. Williams Companies’s dividend payout ratio (DPR) is presently 80.17%.

Analyst Ratings Changes

WMB has been the subject of a number of recent research reports. Truist Financial raised their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Scotiabank reaffirmed a “sector perform” rating and issued a $51.00 target price on shares of Williams Companies in a research note 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, Barclays raised their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.29.

Williams Companies Company 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.