Atria Wealth Solutions Inc. Grows Position in The Williams Companies, Inc. (NYSE:WMB)

Atria Wealth Solutions Inc. grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,728 shares of the pipeline company’s stock after buying an additional 4,361 shares during the period. Atria Wealth Solutions Inc.’s holdings in Williams Companies were worth $1,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Morgan Stanley grew its holdings in Williams Companies by 3.9% in the third quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company’s stock worth $643,015,000 after purchasing an additional 712,048 shares during the period. Northern Trust Corp grew its stake in shares of Williams Companies by 8.1% in the 3rd quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company’s stock worth $486,991,000 after buying an additional 1,089,150 shares during the last quarter. Federated Hermes Inc. increased its position in Williams Companies by 7.3% during the 3rd quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company’s stock valued at $459,148,000 after buying an additional 921,537 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Williams Companies by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 11,301,527 shares of the pipeline company’s stock worth $380,748,000 after acquiring an additional 68,674 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Williams Companies by 35.1% in the third quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock worth $321,867,000 after acquiring an additional 2,482,331 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group upped their price target on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Truist Financial increased 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. Barclays boosted 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. Finally, Wolfe Research reiterated an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.22.

Williams Companies Stock Down 0.2 %

Williams Companies stock opened at $39.20 on Tuesday. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The stock has a fifty day moving average of $37.55 and a 200 day moving average of $35.93. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 0.77. The stock has a market cap of $47.76 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 6.14 and a beta of 1.04.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 EPS for the quarter, beating 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 last year, the company posted $0.53 earnings per share. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.83 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.85%. 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.