The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Americana Partners LLC

Americana Partners LLC lifted its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,998 shares of the pipeline company’s stock after buying an additional 1,283 shares during the quarter. Americana Partners LLC’s holdings in Williams Companies were worth $4,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Williams Companies in the fourth quarter worth about $306,417,000. O Shaughnessy Asset Management LLC raised its holdings in Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after purchasing an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Williams Companies by 145.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after purchasing an additional 56,509 shares in the last quarter. ETF Store Inc. grew its holdings in Williams Companies by 3.3% in the fourth quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock valued at $991,000 after purchasing an additional 899 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of Williams Companies by 24.5% in the fourth quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock valued at $91,820,000 after buying an additional 518,009 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley increased their target price 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. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial raised their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Finally, Stifel Nicolaus boosted their price objective on Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.83.

Williams Companies Trading Up 0.6 %

Williams Companies stock traded up $0.28 during trading on Friday, reaching $45.77. 7,265,188 shares of the company were exchanged, compared to its average volume of 6,437,417. The stock’s 50 day simple moving average is $43.32 and its two-hundred day simple moving average is $40.25. The company has a market capitalization of $55.78 billion, a P/E ratio of 19.23, a PEG ratio of 6.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $45.81.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, 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 company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.15%. Williams Companies’s dividend payout ratio is currently 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.