The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,031,453 shares of the pipeline company’s stock after purchasing an additional 94,604 shares during the quarter. Sei Investments Co. owned 0.08% of Williams Companies worth $43,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WMB. Rise Advisors LLC purchased a new stake in shares of Williams Companies in the first quarter valued at approximately $27,000. SouthState Corp purchased a new position in shares of Williams Companies during the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. purchased a new position in Williams Companies during the second quarter worth approximately $34,000. Fairman Group LLC purchased a new position in shares of Williams Companies in the 4th quarter worth $31,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies in the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Truist Financial lifted 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. Morgan Stanley boosted their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. 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, UBS Group raised their price target on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.50.

Williams Companies Stock Up 1.1 %

NYSE WMB opened at $45.38 on Monday. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.82. The company has a market capitalization of $55.31 billion, a P/E ratio of 19.07, a PEG ratio of 6.24 and a beta of 1.05. The company’s 50 day simple moving average is $44.06 and its 200 day simple moving average is $41.38. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. Williams Companies’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts expect that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.19%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Williams Companies Company 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.