Davidson Capital Management Inc. Raises Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Davidson Capital Management Inc. raised its stake in The Williams Companies, Inc. (NYSE:WMB) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,394 shares of the pipeline company’s stock after buying an additional 10,874 shares during the quarter. Williams Companies comprises about 1.0% of Davidson Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Davidson Capital Management Inc.’s holdings in Williams Companies were worth $3,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of WMB. Rise Advisors LLC purchased a new position in shares of Williams Companies during the 1st quarter worth approximately $27,000. Fairman Group LLC acquired a new position in Williams Companies during the fourth quarter worth $31,000. SouthState Corp purchased a new position in shares of Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the second quarter valued at $34,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Williams Companies in the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE WMB opened at $44.89 on Friday. The stock’s 50-day simple moving average is $44.01 and its 200-day simple moving average is $41.25. The firm has a market capitalization of $54.71 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05. 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 debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Analyst Ratings Changes

WMB has been the subject of several research reports. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays upped their target price on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Truist Financial increased their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. UBS Group boosted their price target on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.50.

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.