Cambridge Financial Group Inc. Has $6.19 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Cambridge Financial Group Inc. increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 177,662 shares of the pipeline company’s stock after acquiring an additional 11,637 shares during the quarter. Williams Companies comprises about 3.1% of Cambridge Financial Group Inc.’s holdings, making the stock its 21st largest position. Cambridge Financial Group Inc.’s holdings in Williams Companies were worth $6,188,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WMB. Rheos Capital Works Inc. increased its holdings in Williams Companies by 59.0% in the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after purchasing an additional 245,000 shares during the period. Autumn Glory Partners LLC grew its position in shares of Williams Companies by 28.1% in the 3rd quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock valued at $3,625,000 after buying an additional 23,579 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $321,867,000 after buying an additional 2,482,331 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Williams Companies by 45.3% during the third quarter. Bahl & Gaynor Inc. now owns 6,545,151 shares of the pipeline company’s stock worth $220,506,000 after acquiring an additional 2,040,993 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Williams Companies by 3,338.2% in the fourth quarter. International Assets Investment Management LLC now owns 352,104 shares of the pipeline company’s stock worth $12,264,000 after acquiring an additional 341,863 shares during the period. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. 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. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. UBS Group boosted their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Truist Financial upped their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Wolfe Research reiterated an “underperform” rating and issued a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.22.

Williams Companies Stock Up 0.3 %

Shares of NYSE WMB traded up $0.13 during midday trading on Friday, hitting $38.67. 4,420,828 shares of the stock traded hands, compared to its average volume of 6,587,367. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.76. The business has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $36.01. 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 company has a market cap of $47.12 billion, a PE ratio of 14.76, a P/E/G ratio of 6.07 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share 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 prior year, the business earned $0.53 EPS. On average, equities analysts predict that The Williams Companies, Inc. will post 1.82 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.91%. Williams Companies’s dividend payout ratio (DPR) is currently 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.