The Williams Companies, Inc. (NYSE:WMB) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 263,620 shares of the pipeline company’s stock after purchasing an additional 1,468 shares during the period. Mutual of America Capital Management LLC’s holdings in Williams Companies were worth $11,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. L & S Advisors Inc purchased a new position in Williams Companies in the 2nd quarter valued at about $3,328,000. Renaissance Technologies LLC lifted its stake in Williams Companies by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,016,985 shares of the pipeline company’s stock valued at $43,222,000 after buying an additional 56,000 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in Williams Companies by 78.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,994 shares of the pipeline company’s stock valued at $552,000 after buying an additional 5,721 shares in the last quarter. One Capital Management LLC purchased a new position in Williams Companies in the 2nd quarter valued at about $596,000. Finally, Dimensional Fund Advisors LP lifted its stake in Williams Companies by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group raised their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Truist Financial raised their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Finally, Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.50.

Williams Companies Stock Performance

NYSE:WMB opened at $45.18 on Thursday. The firm’s 50 day moving average is $43.96 and its two-hundred day moving average is $41.23. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.82. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The company has a market cap of $55.06 billion, a P/E ratio of 18.98, a P/E/G ratio of 6.24 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. Analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.21%. Williams Companies’s payout ratio is currently 79.83%.

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.