Garner Asset Management Corp Buys 4,000 Shares of The Williams Companies, Inc. (NYSE:WMB)

Garner Asset Management Corp grew its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 74.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,350 shares of the pipeline company’s stock after acquiring an additional 4,000 shares during the period. Garner Asset Management Corp’s holdings in Williams Companies were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Williams Companies during the 1st quarter valued at $27,000. Fairman Group LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at about $31,000. SouthState Corp purchased a new stake in Williams Companies in the second quarter worth about $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies during the 2nd quarter worth about $34,000. Finally, Alaska Permanent Fund Corp purchased a new position in Williams Companies during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Down 0.8 %

NYSE:WMB opened at $45.18 on Thursday. The company’s 50 day moving average is $43.96 and its two-hundred day moving average is $41.23. The company has a market cap of $55.06 billion, a PE ratio of 18.98, a P/E/G ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $45.82. 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 announced its quarterly earnings data 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 firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. Analysts anticipate that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WMB shares. UBS Group upped their price target on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $46.00 in a research report on Tuesday, June 4th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial upped their price objective on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Finally, Scotiabank lifted their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average price target of $43.50.

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.