Tokio Marine Asset Management Co. Ltd. Buys 1,972 Shares of The Williams Companies, Inc. (NYSE:WMB)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,431 shares of the pipeline company’s stock after purchasing an additional 1,972 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Williams Companies were worth $1,025,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WMB. Wellington Management Group LLP raised its stake in Williams Companies by 35.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after purchasing an additional 2,482,331 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in Williams Companies by 45.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock valued at $220,506,000 after buying an additional 2,040,993 shares during the period. Envestnet Asset Management Inc. increased its holdings in Williams Companies by 55.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,900,745 shares of the pipeline company’s stock valued at $165,106,000 after buying an additional 1,740,677 shares during the period. Jennison Associates LLC increased its holdings in Williams Companies by 69.2% in the 4th quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock valued at $143,003,000 after buying an additional 1,679,452 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Williams Companies by 292.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,712,038 shares of the pipeline company’s stock valued at $57,679,000 after buying an additional 1,275,872 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. Barclays lifted 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. Truist Financial lifted their price target on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.22.

Williams Companies Stock Down 1.0 %

WMB traded down $0.39 during trading on Friday, hitting $39.06. 795,888 shares of the company’s stock were exchanged, compared to its average volume of 6,939,909. 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 business’s 50 day moving average is $37.35 and its two-hundred day moving average is $35.85. The Williams Companies, Inc. has a fifty-two week low of $28.27 and a fifty-two week high of $39.76. The stock has a market cap of $47.59 billion, a P/E ratio of 15.06, a PEG ratio of 6.14 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its 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 period last year, the business posted $0.53 earnings per share. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.86%. Williams Companies’s payout ratio is 72.52%.

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.