State of New Jersey Common Pension Fund D Has $24.43 Million Position in The Williams Companies, Inc. (NYSE:WMB)

State of New Jersey Common Pension Fund D cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451,416 shares of the pipeline company’s stock after selling 202 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Williams Companies were worth $24,431,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of 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 acquiring an additional 5,697,605 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of 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 buying an additional 1,555,667 shares during the last quarter. National Bank of Canada FI lifted its position in shares of 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 buying an additional 922,550 shares during the last quarter. Castle Hook Partners LP lifted its position in shares of 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 buying an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 520,663 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WMB shares. The Goldman Sachs Group upped their price objective on Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Scotiabank restated a “sector perform” rating and set a $51.00 price objective on shares of Williams Companies in a research report on Friday, January 10th. Truist Financial upped their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a report on Friday. Barclays upped their target price on Williams Companies from $46.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, CIBC upped their target price on Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $53.29.

Williams Companies Stock Down 0.8 %

Shares of NYSE:WMB opened at $57.00 on Monday. The business’s 50 day simple moving average is $55.85 and its two-hundred day simple moving average is $51.71. The firm has a market cap of $69.48 billion, a P/E ratio of 24.05, a PEG ratio of 5.06 and a beta of 1.04. 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 Williams Companies, Inc. has a 52-week low of $33.03 and a 52-week high of $61.46.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.47 earnings per share (EPS) for the quarter, hitting 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, research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Increases Dividend

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

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.