Adell Harriman & Carpenter Inc. Increases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Adell Harriman & Carpenter Inc. lifted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 425,395 shares of the pipeline company’s stock after purchasing an additional 9,831 shares during the quarter. Williams Companies comprises 1.4% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 21st biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Williams Companies were worth $14,817,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in Williams Companies by 120.8% during the third quarter. SG Americas Securities LLC now owns 26,424 shares of the pipeline company’s stock valued at $890,000 after buying an additional 153,630 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in Williams Companies by 6.9% in the third quarter. Linden Thomas Advisory Services LLC now owns 21,787 shares of the pipeline company’s stock valued at $734,000 after purchasing an additional 1,407 shares in the last quarter. Golden State Equity Partners increased its stake in shares of Williams Companies by 7.2% in the third quarter. Golden State Equity Partners now owns 19,917 shares of the pipeline company’s stock valued at $671,000 after buying an additional 1,335 shares during the period. Lake Street Financial LLC lifted its position in shares of Williams Companies by 17.2% during the 3rd quarter. Lake Street Financial LLC now owns 9,868 shares of the pipeline company’s stock valued at $340,000 after acquiring an additional 1,445 shares during the period. Finally, Vicus Capital purchased a new stake in shares of Williams Companies in the third quarter valued at about $415,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on WMB shares. Wolfe Research restated an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a report on Thursday, April 18th. Truist Financial raised their price objective on Williams Companies from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Barclays upped their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, UBS Group boosted their price objective 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.22.

Williams Companies Stock Performance

Shares of WMB traded down $0.05 on Monday, reaching $39.21. The company’s stock had a trading volume of 5,019,575 shares, compared to its average volume of 6,978,144. The stock’s 50 day simple moving average is $37.45 and its two-hundred day simple moving average is $35.90. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76. The stock has a market capitalization of $47.77 billion, a P/E ratio of 14.98, a PEG ratio of 6.14 and a beta of 1.04. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Williams Companies had a return on equity of 16.20% and a net margin of 29.22%. During the same period last year, the firm earned $0.53 EPS. Research analysts forecast that The Williams Companies, Inc. will post 1.83 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.85%. Williams Companies’s payout ratio is 72.52%.

About Williams Companies

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.