Paradiem LLC Has $7.05 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Paradiem LLC grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 39.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 202,452 shares of the pipeline company's stock after purchasing an additional 57,078 shares during the period. Williams Companies accounts for 2.0% of Paradiem LLC's portfolio, making the stock its 25th biggest position. Paradiem LLC's holdings in Williams Companies were worth $7,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies during the 4th quarter valued at about $26,000. FSC Wealth Advisors LLC acquired a new position in Williams Companies during the 3rd quarter worth $27,000. Carmel Capital Partners LLC bought a new position in shares of Williams Companies in the third quarter worth $31,000. CGC Financial Services LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at $35,000. Finally, OFI Invest Asset Management bought a new stake in shares of Williams Companies during the third quarter valued at about $41,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Price Performance

Williams Companies stock traded down $0.19 during midday trading on Friday, hitting $39.26. The company's stock had a trading volume of 5,723,399 shares, compared to its average volume of 6,256,537. 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 stock's 50-day moving average price is $37.45 and its 200-day moving average price is $35.90. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.76. The company has a market capitalization of $47.84 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 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 period in the previous year, the firm earned $0.53 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.84%. Williams Companies's dividend payout ratio (DPR) is presently 72.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMB shares. Truist Financial lifted their price objective on shares of Williams Companies from $35.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, March 25th. Wolfe Research restated an "underperform" rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Barclays lifted their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, April 11th. Finally, UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.