The Williams Companies, Inc. (NYSE:WMB) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its position in The Williams Companies, Inc. (NYSE:WMB) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,767 shares of the pipeline company’s stock after purchasing an additional 2,117 shares during the period. New York Life Investment Management LLC’s holdings in Williams Companies were worth $7,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WMB. Norges Bank acquired a new position in Williams Companies in the 4th quarter valued at $306,417,000. Blackstone Inc. grew its position in shares of Williams Companies by 109.1% in the first quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock valued at $252,006,000 after purchasing an additional 3,373,800 shares during the period. Wellington Management Group LLP increased its stake in Williams Companies by 21.3% in the fourth 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 during the last quarter. Jennison Associates LLC lifted its position in Williams Companies by 40.1% during the first 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 during the period. Finally, First Financial Bankshares Inc acquired a new stake in Williams Companies in the 4th quarter worth about $56,223,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMB. Truist Financial increased their price objective 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. Morgan Stanley lifted their price target on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays increased their target price on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada boosted their price target on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus target price of $42.83.

Williams Companies Trading Down 1.3 %

NYSE:WMB opened at $44.26 on Friday. The business’s 50 day moving average is $43.56 and its two-hundred day moving average is $40.68. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.81. The company has a market cap of $53.94 billion, a PE ratio of 18.60, a P/E/G ratio of 6.11 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.

Williams Companies (NYSE:WMB) last posted 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 the consensus estimate of $2.46 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 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.