Intrust Bank NA Boosts Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Intrust Bank NA lifted its stake in The Williams Companies, Inc. (NYSE:WMB) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,881 shares of the pipeline company’s stock after purchasing an additional 2,283 shares during the period. Intrust Bank NA’s holdings in Williams Companies were worth $1,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Williams Companies during the fourth quarter worth approximately $26,000. FSC Wealth Advisors LLC acquired a new stake in Williams Companies during the third quarter worth approximately $27,000. Carmel Capital Partners LLC acquired a new stake in Williams Companies during the third quarter worth approximately $31,000. CGC Financial Services LLC purchased a new stake in shares of Williams Companies during the 4th quarter worth approximately $35,000. Finally, OFI Invest Asset Management acquired a new position in shares of Williams Companies in the 3rd quarter valued at $41,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Price Performance

WMB stock traded down $0.70 on Tuesday, reaching $38.51. 1,243,942 shares of the company’s stock were exchanged, compared to its average volume of 6,900,256. The stock has a fifty day moving average of $37.55 and a 200-day moving average of $35.93. The firm has a market cap of $46.92 billion, a PE ratio of 14.96, a P/E/G ratio of 6.14 and a beta of 1.04. 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 Williams Companies, Inc. has a twelve month low of $28.27 and a twelve month high of $39.76.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 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 last year, the company posted $0.53 EPS. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.83 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared 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 4.93%. Williams Companies’s payout ratio is 72.52%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMB. Truist Financial boosted their price target 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. UBS Group lifted their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. 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. Finally, Barclays boosted their price target on Williams Companies from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. One 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, the stock presently has a consensus rating of “Hold” and an average target price of $39.22.

Williams Companies 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.