Alaethes Wealth LLC Has $1.84 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Alaethes Wealth LLC grew its position in The Williams Companies, Inc. (NYSE:WMB) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 43,390 shares of the pipeline company’s stock after buying an additional 598 shares during the period. Alaethes Wealth LLC’s holdings in Williams Companies were worth $1,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMB. Transatlantique Private Wealth LLC lifted its position in Williams Companies by 4.7% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 34,110 shares of the pipeline company’s stock valued at $1,444,000 after purchasing an additional 1,529 shares during the period. Summit Trail Advisors LLC increased its position in shares of Williams Companies by 38.1% during the second quarter. Summit Trail Advisors LLC now owns 13,324 shares of the pipeline company’s stock worth $566,000 after acquiring an additional 3,678 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Williams Companies by 10.1% during the second quarter. Sei Investments Co. now owns 1,031,453 shares of the pipeline company’s stock worth $43,840,000 after acquiring an additional 94,604 shares during the period. Pacer Advisors Inc. lifted its position in Williams Companies by 19.1% in the 2nd quarter. Pacer Advisors Inc. now owns 822,992 shares of the pipeline company’s stock valued at $34,977,000 after acquiring an additional 132,092 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in Williams Companies by 1.1% in the 2nd quarter. AE Wealth Management LLC now owns 86,692 shares of the pipeline company’s stock worth $3,684,000 after purchasing an additional 912 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Up 1.1 %

Shares of NYSE:WMB opened at $45.38 on Friday. The business has a fifty day simple moving average of $44.06 and a 200 day simple moving average of $41.31. 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 firm has a market cap of $55.31 billion, a P/E ratio of 19.07, a P/E/G ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.82.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $2.34 billion for 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%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Analysts Set New Price Targets

Several research firms have commented on WMB. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Scotiabank raised their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Finally, Truist Financial raised their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. One equities 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 company’s stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average target price of $43.50.

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.