Magnolia Capital Advisors LLC Makes New $242,000 Investment in The Williams Companies, Inc. (NYSE:WMB)

Magnolia Capital Advisors LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,693 shares of the pipeline company’s stock, valued at approximately $242,000.

Several other large investors also recently bought and sold shares of WMB. Blackstone Inc. increased its stake in Williams Companies by 109.1% during the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after buying an additional 3,373,800 shares in the last quarter. Wellington Management Group LLP increased its stake in Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares in the last quarter. Jennison Associates LLC increased its stake in Williams Companies by 40.1% during the 1st quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock worth $224,203,000 after buying an additional 1,647,469 shares in the last quarter. First Financial Bankshares Inc purchased a new stake in Williams Companies during the 4th quarter worth approximately $56,223,000. Finally, Morningstar Investment Services LLC increased its stake in Williams Companies by 3,821.2% during the 4th quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock worth $55,180,000 after buying an additional 1,539,431 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WMB shares. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. UBS Group upped their price target on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Scotiabank upped their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.50.

Williams Companies Stock Up 1.1 %

NYSE:WMB opened at $45.65 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 stock’s fifty day moving average is $44.33 and its two-hundred day moving average is $41.76. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $46.48. The stock has a market capitalization of $55.64 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 6.20 and a beta of 1.05.

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

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.16%. The ex-dividend date was Friday, September 13th. Williams Companies’s payout ratio is currently 79.83%.

Williams Companies 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.