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

Paradiem LLC grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 39.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,452 shares of the pipeline company’s stock after acquiring an additional 57,078 shares during the period. Williams Companies accounts for 2.0% of Paradiem LLC’s investment portfolio, making the stock its 25th biggest holding. Paradiem LLC’s holdings in Williams Companies were worth $7,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WMB. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Williams Companies during the 4th quarter valued at about $26,000. FSC Wealth Advisors LLC acquired a new stake in Williams Companies in the third quarter valued at approximately $27,000. Carmel Capital Partners LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth $31,000. CGC Financial Services LLC bought a new stake in Williams Companies in the fourth quarter worth $35,000. Finally, OFI Invest Asset Management acquired a new position in Williams Companies during the third quarter worth $41,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Down 0.5 %

Shares of WMB stock traded down $0.19 on Friday, hitting $39.26. 5,723,399 shares of the stock were exchanged, compared to its average volume of 6,256,537. The business has a 50-day moving average of $37.45 and a 200 day moving average of $35.89. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The firm has a market capitalization of $47.84 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 6.14 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

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

Williams Companies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.84%. Williams Companies’s dividend payout ratio is currently 72.52%.

Wall Street Analyst Weigh In

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

Williams Companies Company 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.