The Williams Companies, Inc. (NYSE:WMB) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in The Williams Companies, Inc. (NYSE:WMB) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,653 shares of the pipeline company’s stock after purchasing an additional 15,022 shares during the quarter. ProShare Advisors LLC’s holdings in Williams Companies were worth $15,328,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rise Advisors LLC purchased a new stake in Williams Companies during the 1st quarter worth approximately $27,000. Fairman Group LLC acquired a new position in Williams Companies in the 4th quarter valued at $31,000. SouthState Corp purchased a new position in Williams Companies in the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter valued at $34,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Williams Companies during the 1st quarter worth $46,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WMB shares. Morgan Stanley raised their price target on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. Truist Financial boosted their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. Barclays upped their price target on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $38.00 to $46.00 in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.50.

Williams Companies Trading Up 1.9 %

WMB opened at $46.22 on Tuesday. 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 firm has a market cap of $56.33 billion, a P/E ratio of 19.42, a P/E/G ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $46.28. The business has a fifty day simple moving average of $44.13 and a 200-day simple moving average of $41.45.

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

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 annualized dividend and a yield of 4.11%. Williams Companies’s dividend payout ratio is presently 79.83%.

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.