Toronto Dominion Bank Has $16.19 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Toronto Dominion Bank lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 46.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 380,836 shares of the pipeline company’s stock after selling 332,616 shares during the quarter. Toronto Dominion Bank’s holdings in Williams Companies were worth $16,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC raised its position in shares of Williams Companies by 5.9% in the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after buying an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Williams Companies by 1.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after purchasing an additional 144,713 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 21.3% in the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after purchasing an additional 2,039,703 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 311,530 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of Williams Companies by 13.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after purchasing an additional 1,010,658 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

WMB stock opened at $44.74 on Friday. The firm has a market cap of $54.53 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 6.32 and a beta of 1.05. 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’s fifty day simple moving average is $44.26 and its 200 day simple moving average is $41.55. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $46.48.

Williams Companies (NYSE:WMB) last announced its quarterly 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. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. Williams Companies’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts expect that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.25%. Williams Companies’s payout ratio is currently 79.83%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent analyst reports. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Scotiabank upped their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Royal Bank of Canada raised their target price on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Truist Financial upped their price target 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. Finally, StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One 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. Based on data from MarketBeat, Williams Companies 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.