Schear Investment Advisers LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

Schear Investment Advisers LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,697 shares of the pipeline company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in Williams Companies during the fourth quarter worth $25,000. AlphaMark Advisors LLC purchased a new position in Williams Companies in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new position in Williams Companies during the third quarter valued at $30,000. Financial Life Planners purchased a new stake in Williams Companies in the fourth quarter worth $30,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Williams Companies in the fourth quarter valued at $32,000. 86.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WMB shares. Truist Financial increased their target price on shares of Williams Companies from $52.00 to $56.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Bank of America assumed coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Mizuho increased their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Scotiabank reiterated a “sector perform” rating and issued a $51.00 price target on shares of Williams Companies in a research report on Friday, January 10th. Finally, Royal Bank of Canada increased their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.00.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $55.24 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $61.46. The firm has a market capitalization of $67.33 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 5.06 and a beta of 1.04. The firm has a 50 day moving average of $55.90 and a 200 day moving average of $51.40.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.50 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.62%. Williams Companies’s dividend payout ratio is presently 80.17%.

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.