Larson Financial Group LLC Cuts Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Larson Financial Group LLC lowered its position in The Williams Companies, Inc. (NYSE:WMB) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,883 shares of the pipeline company’s stock after selling 731 shares during the period. Larson Financial Group LLC’s holdings in Williams Companies were worth $1,981,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Williams Companies during the 4th quarter valued at approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in Williams Companies in the 3rd quarter worth $27,000. HWG Holdings LP purchased a new stake in shares of Williams Companies during the third quarter worth $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Williams Companies during the third quarter worth $31,000. Finally, CGC Financial Services LLC purchased a new stake in shares of Williams Companies during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.1 %

Shares of WMB traded up $0.04 during mid-day trading on Tuesday, hitting $38.70. 1,797,696 shares of the company’s stock were exchanged, compared to its average volume of 7,030,529. The company has a market cap of $47.15 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 6.02 and a beta of 1.04. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The stock’s 50-day moving average is $37.03 and its 200-day moving average is $35.76.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $0.53 EPS. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced 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 dividend yield of 4.91%. Williams Companies’s payout ratio is 72.52%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WMB. UBS Group upped their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Wolfe Research reissued an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research report on Thursday, April 18th. Barclays boosted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Truist Financial boosted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.22.

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.