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

Cambridge Financial Group Inc. boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,662 shares of the pipeline company’s stock after buying an additional 11,637 shares during the period. Williams Companies makes up about 3.1% of Cambridge Financial Group Inc.’s investment portfolio, 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.

Several other hedge funds also recently modified their holdings of WMB. Rheos Capital Works Inc. boosted its holdings in Williams Companies by 59.0% in the 4th 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 Williams Companies by 28.1% during the third quarter. Autumn Glory Partners LLC now owns 107,609 shares of the pipeline company’s stock worth $3,625,000 after buying an additional 23,579 shares in the last quarter. Wellington Management Group LLP increased its stake in Williams Companies by 35.1% during 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 acquiring an additional 2,482,331 shares during the period. Bahl & Gaynor Inc. lifted its position in shares of Williams Companies by 45.3% in the 3rd 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 period. Finally, International Assets Investment Management LLC lifted its position in shares of Williams Companies by 3,338.2% in the 4th 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.

Williams Companies Price Performance

WMB traded up $0.13 during trading on Friday, hitting $38.67. The company’s stock had a trading volume of 4,420,828 shares, compared to its average volume of 6,587,367. 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 stock has a market capitalization of $47.12 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 6.07 and a beta of 1.05. The firm’s 50 day moving average price is $37.85 and its two-hundred day moving average price is $36.01. The Williams Companies, Inc. has a 12 month low of $28.27 and a 12 month high of $39.76.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $0.53 earnings per share. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.82 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies’s dividend payout ratio is currently 72.52%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays raised their target price on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Truist Financial lifted their target price 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 upped their target price 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 restated an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Finally, US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.