New Wave Wealth Advisors LLC Invests $325,000 in The Williams Companies, Inc. (NYSE:WMB)

New Wave Wealth Advisors LLC acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) in the second quarter, Holdings Channel.com reports. The fund acquired 7,650 shares of the pipeline company’s stock, valued at approximately $325,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMB. Rise Advisors LLC bought a new stake in Williams Companies during the first quarter worth about $27,000. SouthState Corp bought a new stake in Williams Companies in the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. purchased a new stake in Williams Companies in the second quarter worth approximately $34,000. Quarry LP bought a new position in Williams Companies during the second quarter valued at approximately $35,000. Finally, Fairman Group LLC purchased a new position in shares of Williams Companies during the fourth quarter worth approximately $31,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada raised their price target on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus target price of $43.50.

Williams Companies Trading Up 1.1 %

Shares of WMB opened at $45.65 on Tuesday. The Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year high of $46.48. 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 firm’s 50-day moving average price is $44.33 and its 200-day moving average price is $41.76. The firm has a market capitalization of $55.64 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 6.20 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating 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 analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm posted $0.42 EPS. The business’s revenue was down 5.9% on a year-over-year basis. Sell-side analysts anticipate that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.16%. Williams Companies’s dividend payout ratio (DPR) is 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.