Integrated Advisors Network LLC Boosts Holdings in The Williams Companies, Inc. (NYSE:WMB)

Integrated Advisors Network LLC raised its holdings in The Williams Companies, Inc. (NYSE:WMB) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,990 shares of the pipeline company’s stock after buying an additional 437 shares during the quarter. Integrated Advisors Network LLC’s holdings in Williams Companies were worth $313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Williams Companies in the 4th quarter valued at about $306,417,000. ETF Store Inc. lifted its stake in shares of Williams Companies by 3.3% in the 4th 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 in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Williams Companies by 24.5% in the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock valued at $91,820,000 after purchasing an additional 518,009 shares in the last quarter. Rheos Capital Works Inc. lifted its stake in shares of Williams Companies by 59.0% in the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after purchasing an additional 245,000 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Williams Companies by 6.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,350,514 shares of the pipeline company’s stock valued at $49,037,000 after purchasing an additional 77,524 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WMB. Wolfe Research reaffirmed an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Royal Bank of Canada lifted their price objective on Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Truist Financial boosted their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Finally, US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $41.42.

Williams Companies Price Performance

WMB stock opened at $41.83 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a 52-week low of $30.24 and a 52-week high of $41.94. The stock’s 50 day moving average is $39.91 and its two-hundred day moving average is $37.20. The company has a market capitalization of $50.98 billion, a PE ratio of 17.58, a P/E/G ratio of 6.46 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the previous year, the business earned $0.56 EPS. The business’s quarterly revenue was down 10.1% on a year-over-year basis. Analysts predict that The Williams Companies, Inc. will post 1.85 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, June 24th. Stockholders of record on Friday, June 7th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.54%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Insider Activity

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now directly owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.44% of the company’s stock.

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.