IFG Advisory LLC Buys New Shares in The Williams Companies, Inc. (NYSE:WMB)

IFG Advisory LLC purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,782 shares of the pipeline company’s stock, valued at approximately $373,000.

Other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in shares of Williams Companies by 5.9% in the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after purchasing an additional 1,175,628 shares in the last quarter. Wellington Management Group LLP increased its holdings in Williams Companies by 21.3% in the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after buying an additional 2,039,703 shares during the period. Norges Bank bought a new stake in Williams Companies in the 4th quarter valued at $306,417,000. Kayne Anderson Capital Advisors LP raised its stake in shares of Williams Companies by 13.4% in 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. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of Williams Companies by 0.4% during the 1st quarter. Bahl & Gaynor Inc. now owns 7,046,096 shares of the pipeline company’s stock worth $274,586,000 after acquiring an additional 27,233 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WMB shares. Seaport Res Ptn lowered 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 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 upped their price target 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. Scotiabank increased their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus price target of $42.83.

Williams Companies Trading Up 0.6 %

Shares of NYSE WMB opened at $45.77 on Monday. The Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year high of $45.81. The company has a 50-day moving average of $43.32 and a two-hundred day moving average of $40.35. The company has a market cap of $55.78 billion, a PE ratio of 19.23, a P/E/G ratio of 6.29 and a beta of 1.05. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last issued 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. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business posted $0.42 earnings per share. Williams Companies’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities 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. Investors of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio is 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.