Mutual of America Capital Management LLC Purchases 1,468 Shares of The Williams Companies, Inc. (NYSE:WMB)

Mutual of America Capital Management LLC increased its position in The Williams Companies, Inc. (NYSE:WMB) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 263,620 shares of the pipeline company’s stock after purchasing an additional 1,468 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Williams Companies were worth $11,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Williams Companies in the fourth quarter worth approximately $306,417,000. O Shaughnessy Asset Management LLC lifted its holdings in Williams Companies by 15.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after buying an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings 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 buying an additional 56,509 shares during the period. Eagle Asset Management Inc. lifted its holdings in Williams Companies by 24.5% during the fourth quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after buying an additional 518,009 shares during the period. Finally, Chickasaw Capital Management LLC lifted its holdings in Williams Companies by 3.5% during the first quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock worth $64,091,000 after buying an additional 56,013 shares during the period. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on WMB shares. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Scotiabank upped their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Truist Financial increased their price objective on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.50.

Williams Companies Price Performance

NYSE WMB opened at $45.18 on Thursday. 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 stock’s fifty day moving average price is $43.96 and its 200 day moving average price is $41.23. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.82. The company has a market cap of $55.06 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 6.24 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.21%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio is currently 79.83%.

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.