Ninepoint Partners LP Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

Ninepoint Partners LP bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,393 shares of the pipeline company’s stock, valued at approximately $989,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Patten Group Inc. increased its holdings in shares of Williams Companies by 1.3% during the fourth quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock worth $832,000 after buying an additional 296 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of Williams Companies by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock worth $353,000 after buying an additional 298 shares in the last quarter. Horan Securities Inc. increased its holdings in shares of Williams Companies by 2.6% during the third quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company’s stock worth $396,000 after buying an additional 300 shares in the last quarter. Graypoint LLC increased its holdings in shares of Williams Companies by 2.6% during the fourth quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after buying an additional 307 shares in the last quarter. Finally, Valley National Advisers Inc. increased its holdings in shares of Williams Companies by 20.8% during the third quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock worth $61,000 after buying an additional 310 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WMB shares. Wolfe Research restated an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday. Barclays increased their price objective 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 increased their price objective 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 target on Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.90.

Williams Companies Stock Up 2.5 %

Shares of WMB stock traded up $0.94 on Friday, reaching $38.52. 2,711,971 shares of the company were exchanged, compared to its average volume of 7,060,497. The company has a market cap of $46.93 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 5.89 and a beta of 1.05. The company has a 50-day moving average of $36.86 and a 200-day moving average of $35.65. 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 Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $0.53 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.83 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.93%. Williams Companies’s payout ratio is 72.52%.

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.