Transatlantique Private Wealth LLC Acquires 1,529 Shares of The Williams Companies, Inc. (NYSE:WMB)

Transatlantique Private Wealth LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 34,110 shares of the pipeline company’s stock after buying an additional 1,529 shares during the period. Transatlantique Private Wealth LLC’s holdings in Williams Companies were worth $1,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMB. Rise Advisors LLC purchased a new stake in shares of Williams Companies during the first quarter valued at $27,000. Fairman Group LLC purchased a new stake in Williams Companies in the 4th quarter valued at about $31,000. SouthState Corp purchased a new stake in Williams Companies in the 2nd quarter valued at about $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies during the second quarter worth approximately $34,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Williams Companies during the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 1.1 %

Williams Companies stock opened at $45.38 on Friday. The Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year high of $45.82. The business has a fifty day moving average price of $44.06 and a 200-day moving average price of $41.31. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The stock has a market capitalization of $55.31 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 6.24 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results 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 return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Equities research analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.19%. Williams Companies’s payout ratio is 79.83%.

Analysts Set New Price Targets

WMB has been the topic of several research analyst reports. Barclays increased their price objective on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $38.00 to $46.00 in a report on Tuesday, June 4th. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Scotiabank boosted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.50.

Williams Companies Company 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.