Ninepoint Partners LP Acquires Shares of 28,393 The Williams Companies, Inc. (NYSE:WMB)

Ninepoint Partners LP purchased a new position in The Williams Companies, Inc. (NYSE:WMB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,393 shares of the pipeline company's stock, valued at approximately $989,000.

A number of other institutional investors have also made changes to their positions in WMB. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Williams Companies during the 4th quarter worth about $26,000. FSC Wealth Advisors LLC bought a new position in Williams Companies during the 3rd quarter worth approximately $27,000. HWG Holdings LP acquired a new position in Williams Companies during the third quarter valued at approximately $29,000. Salem Investment Counselors Inc. increased its stake in Williams Companies by 52.5% in the second quarter. Salem Investment Counselors Inc. now owns 915 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 315 shares in the last quarter. Finally, Carmel Capital Partners LLC bought a new stake in Williams Companies in the third quarter valued at approximately $31,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. 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 report on Thursday, April 11th. UBS Group boosted their target price on Williams Companies from $43.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Wolfe Research reaffirmed an "underperform" rating and set a $34.00 price target on shares of Williams Companies in a research report on Thursday. Finally, Truist Financial boosted their price objective on Williams Companies from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of "Hold" and a consensus target price of $38.90.

Williams Companies Stock Up 2.5 %

NYSE WMB traded up $0.95 during trading on Friday, hitting $38.53. The stock had a trading volume of 6,745,907 shares, compared to its average volume of 7,115,470. The company has a market capitalization of $46.95 billion, a PE ratio of 14.67, a P/E/G ratio of 5.89 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.76. The company's 50-day moving average price is $36.86 and its two-hundred day moving average price is $35.65. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 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 period last year, the firm earned $0.53 EPS. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend 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.