The Williams Companies, Inc. (NYSE:WMB) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 14.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,155 shares of the pipeline company’s stock after acquiring an additional 12,301 shares during the period. Private Advisor Group LLC’s holdings in Williams Companies were worth $4,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in Williams Companies by 36.1% in the 4th quarter. Teacher Retirement System of Texas now owns 147,923 shares of the pipeline company’s stock valued at $5,152,000 after buying an additional 39,215 shares in the last quarter. Jump Financial LLC lifted its position in shares of Williams Companies by 11.0% in the fourth quarter. Jump Financial LLC now owns 14,707 shares of the pipeline company’s stock valued at $512,000 after acquiring an additional 1,457 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Williams Companies by 6.9% during the fourth quarter. QRG Capital Management Inc. now owns 26,954 shares of the pipeline company’s stock valued at $939,000 after acquiring an additional 1,734 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Williams Companies by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 149,432 shares of the pipeline company’s stock worth $5,205,000 after purchasing an additional 4,130 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Williams Companies by 16.2% in the 4th quarter. Ieq Capital LLC now owns 39,701 shares of the pipeline company’s stock valued at $1,383,000 after purchasing an additional 5,536 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Scotiabank lifted their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Morgan Stanley lifted their price objective on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Finally, Truist Financial increased their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.83.

Williams Companies Trading Up 0.6 %

NYSE WMB opened at $44.80 on Wednesday. The firm has a market capitalization of $54.60 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 6.08 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.81. The company’s 50 day moving average price is $43.65 and its 200 day moving average price is $40.86.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating 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 business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

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 given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Friday, September 13th. Williams Companies’s payout ratio 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.