Point72 Europe London LLP Has $9.05 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Point72 Europe London LLP raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 36.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 212,982 shares of the pipeline company’s stock after purchasing an additional 57,106 shares during the quarter. Point72 Europe London LLP’s holdings in Williams Companies were worth $9,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC bought a new position in Williams Companies during the 1st quarter worth approximately $27,000. SouthState Corp acquired a new stake in Williams Companies in the second quarter worth $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter worth $34,000. Fairman Group LLC acquired a new position in shares of Williams Companies in the 4th quarter valued at $31,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Williams Companies in the 1st quarter valued at $46,000. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on WMB. Truist Financial lifted 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. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley increased their target price on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. UBS Group lifted 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, September 18th. Finally, Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $46.00 in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.50.

Williams Companies Stock Down 0.4 %

Shares of WMB stock opened at $46.04 on Wednesday. The firm’s fifty day moving average price is $44.20 and its two-hundred day moving average price is $41.52. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $46.48. The firm has a market capitalization of $56.11 billion, a P/E ratio of 19.34, a PEG ratio of 6.35 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. Williams Companies’s revenue was down 5.9% on a year-over-year basis. On average, equities analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s payout ratio is presently 79.83%.

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.