The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Alaethes Wealth LLC

Alaethes Wealth LLC increased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,390 shares of the pipeline company’s stock after buying an additional 598 shares during the quarter. Alaethes Wealth LLC’s holdings in Williams Companies were worth $1,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of Williams Companies during the first quarter valued at $27,000. Fairman Group LLC acquired a new position in shares of Williams Companies in the 4th quarter worth $31,000. SouthState Corp acquired a new stake in shares of Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. purchased a new stake in shares of Williams Companies during the second quarter valued at $34,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies in the 1st quarter valued at $46,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Up 1.1 %

Shares of WMB stock opened at $45.38 on Friday. The stock has a market cap of $55.31 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05. 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 has a fifty day moving average price of $44.06 and a 200 day moving average price of $41.31. 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 data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis. Analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Analysts Set New Price Targets

WMB has been the subject of a number of analyst reports. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barclays boosted their target price on shares of Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Truist Financial increased 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. Royal Bank of Canada increased their price target on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Finally, Morgan Stanley lifted their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average target price 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.