29,353 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,353 shares of the pipeline company’s stock, valued at approximately $1,248,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Williams Companies in the 1st quarter valued at approximately $27,000. Fairman Group LLC acquired a new stake in Williams Companies in the fourth quarter worth $31,000. SouthState Corp bought a new position in shares of Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter worth $34,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies in the 1st quarter valued at $46,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Barclays boosted their price objective on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, Morgan Stanley raised their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.50.

Williams Companies Trading Up 1.1 %

Williams Companies stock opened at $45.38 on Friday. The company has a market cap of $55.31 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 6.24 and a beta of 1.05. The firm has a 50-day moving average of $44.06 and a 200-day moving average of $41.31. 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 one year low of $32.49 and a one year high of $45.82.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, equities analysts expect that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.19%. Williams Companies’s payout ratio is 79.83%.

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.