Flputnam Investment Management Co. Buys 2,361 Shares of The Williams Companies, Inc. (NYSE:WMB)

Flputnam Investment Management Co. boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 174,634 shares of the pipeline company’s stock after purchasing an additional 2,361 shares during the quarter. Flputnam Investment Management Co.’s holdings in Williams Companies were worth $6,083,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Patten Group Inc. lifted its holdings in Williams Companies by 1.3% during the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after purchasing an additional 296 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in Williams Companies by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after purchasing an additional 298 shares in the last quarter. Buckley Wealth Management LLC lifted its holdings in Williams Companies by 1.0% during the 3rd quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company’s stock worth $1,040,000 after purchasing an additional 300 shares in the last quarter. Horan Securities Inc. lifted its holdings in Williams Companies by 2.6% during the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after purchasing an additional 300 shares in the last quarter. Finally, Graypoint LLC raised its holdings in shares of Williams Companies by 2.6% in the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock valued at $427,000 after acquiring an additional 307 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Down 1.2 %

Shares of WMB stock traded down $0.46 during trading hours on Tuesday, reaching $37.38. The company’s stock had a trading volume of 690,479 shares, compared to its average volume of 7,025,242. The firm’s fifty day simple moving average is $36.65 and its 200 day simple moving average is $35.59. The stock has a market capitalization of $45.54 billion, a P/E ratio of 14.44, a P/E/G ratio of 6.05 and a beta of 1.04. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts expect that The Williams Companies, Inc. will post 1.8 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 5.08%. Williams Companies’s payout ratio is currently 72.52%.

Analysts Set New Price Targets

WMB has been the topic of several recent analyst reports. Barclays raised their price target on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Truist Financial raised their price target on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, UBS Group increased their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.00.

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.