Wealth Alliance Purchases 2,482 Shares of The Williams Companies, Inc. (NYSE:WMB)

Wealth Alliance grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,534 shares of the pipeline company’s stock after purchasing an additional 2,482 shares during the quarter. Wealth Alliance’s holdings in Williams Companies were worth $1,795,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its position in Williams Companies by 96,588.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 63,423,739 shares of the pipeline company’s stock worth $2,086,641,000 after acquiring an additional 63,358,143 shares during the period. Norges Bank purchased a new stake in shares of Williams Companies in the 4th quarter worth $292,176,000. Royal Bank of Canada raised its holdings in Williams Companies by 85.8% in the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock worth $546,327,000 after purchasing an additional 7,551,749 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Williams Companies by 200.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,286,535 shares of the pipeline company’s stock worth $164,993,000 after purchasing an additional 3,525,097 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Williams Companies by 35.1% during the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after purchasing an additional 2,482,331 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB stock traded down $0.17 during mid-day trading on Tuesday, hitting $37.67. The company had a trading volume of 5,516,174 shares, compared to its average volume of 7,091,315. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73. The stock’s 50 day moving average price is $36.65 and its 200-day moving average price is $35.59. The Williams Companies, Inc. has a 52-week low of $28.27 and a 52-week high of $39.76. The company has a market capitalization of $45.90 billion, a P/E ratio of 14.44, a P/E/G ratio of 6.05 and a beta of 1.04.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results 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 net margin of 29.22% and a return on equity of 16.20%. During the same period in the prior year, the company posted $0.53 EPS. Equities research analysts forecast that The Williams Companies, Inc. will post 1.8 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 5.04%. Williams Companies’s payout ratio is presently 72.52%.

Wall Street Analyst Weigh In

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

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.