GAMMA Investing LLC Purchases Shares of 10,836 The Williams Companies, Inc. (NYSE:WMB)

GAMMA Investing LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the fourth quarter, Holdings Channel.com reports. The firm bought 10,836 shares of the pipeline company’s stock, valued at approximately $376,000.

Other large investors also recently modified their holdings of the company. Patten Group Inc. increased its holdings in Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after buying an additional 296 shares during the period. Insigneo Advisory Services LLC boosted its position 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 buying an additional 298 shares during the period. Horan Securities Inc. boosted its position 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 buying an additional 300 shares during the period. Graypoint LLC boosted its position in Williams Companies by 2.6% during the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock worth $427,000 after buying an additional 307 shares during the period. Finally, Valley National Advisers Inc. boosted its position in Williams Companies by 20.8% during the 3rd 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 during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMB has been the topic of several recent research reports. UBS Group lifted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Barclays boosted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Wolfe Research restated an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a research report on Thursday, April 18th. Finally, Truist Financial boosted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.22.

Williams Companies Stock Performance

NYSE:WMB opened at $39.25 on Thursday. The company has a fifty day moving average of $37.25 and a 200-day moving average of $35.82. The firm has a market capitalization of $47.82 billion, a P/E ratio of 14.98, a P/E/G ratio of 6.07 and a beta of 1.05. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month 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 for the quarter, beating 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 period last year, the company posted $0.53 earnings per share. As a group, sell-side analysts anticipate that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 4.84%. Williams Companies’s dividend payout ratio (DPR) is presently 72.52%.

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.