Interval Partners LP purchased a new position in The Williams Companies, Inc. (NYSE:WMB – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 68,415 shares of the pipeline company’s stock, valued at approximately $2,908,000.
Other large investors also recently modified their holdings of the company. Clearbridge Investments LLC grew its holdings in Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after buying an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after purchasing an additional 144,713 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Williams Companies by 21.3% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after buying an additional 311,530 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in Williams Companies by 13.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after buying an additional 1,010,658 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Williams Companies Price Performance
NYSE WMB opened at $46.22 on Tuesday. The firm’s 50 day moving average price is $44.13 and its 200-day moving average price is $41.45. 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 company has a market cap of $56.33 billion, a PE ratio of 19.42, a P/E/G ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $46.28.
Williams Companies Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.11%. Williams Companies’s dividend payout ratio is presently 79.83%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on WMB shares. UBS Group increased their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Morgan Stanley increased 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. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research 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 given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has an average rating of “Hold” and an average price target of $43.50.
Check Out Our Latest Research Report on WMB
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.
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