Gilliland Jeter Wealth Management LLC Makes New Investment in The Williams Companies, Inc. (NYSE:WMB)

Gilliland Jeter Wealth Management LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 41,174 shares of the pipeline company’s stock, valued at approximately $1,434,000.

Other large investors also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies during the fourth quarter worth $26,000. FSC Wealth Advisors LLC acquired a new position in Williams Companies during the third quarter worth $27,000. HWG Holdings LP acquired a new position in Williams Companies during the third quarter worth $29,000. Carmel Capital Partners LLC acquired a new position in Williams Companies during the third quarter worth $31,000. Finally, CGC Financial Services LLC acquired a new position in Williams Companies during the fourth quarter worth $35,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Trading Down 0.5 %

Williams Companies stock traded down $0.19 during midday trading on Friday, hitting $39.26. 5,723,399 shares of the stock were exchanged, compared to its average volume of 6,256,537. 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 capitalization of $47.84 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 6.14 and a beta of 1.05. The stock’s 50-day simple moving average is $37.45 and its 200 day simple moving average is $35.89. 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 released its quarterly earnings data 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 quarter in the previous year, the company earned $0.53 earnings per share. On average, equities analysts anticipate that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Announces Dividend

The business 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 have recently commented on WMB shares. Wolfe Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a research report on Thursday, April 18th. Truist Financial increased their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Barclays increased their target price on shares of Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average 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.