The Williams Companies, Inc. (NYSE:WMB) Position Increased by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 47.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,960 shares of the pipeline company’s stock after purchasing an additional 11,627 shares during the period. Intech Investment Management LLC’s holdings in Williams Companies were worth $1,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WMB. Quest Partners LLC bought a new position in shares of Williams Companies during the fourth quarter valued at approximately $124,000. Commerce Bank boosted its holdings in shares of Williams Companies by 25.4% during the fourth quarter. Commerce Bank now owns 65,590 shares of the pipeline company’s stock valued at $2,284,000 after acquiring an additional 13,291 shares during the period. Congress Wealth Management LLC DE grew its position in shares of Williams Companies by 28.2% during the fourth quarter. Congress Wealth Management LLC DE now owns 46,357 shares of the pipeline company’s stock worth $1,615,000 after acquiring an additional 10,192 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Williams Companies by 7.6% in the 4th quarter. United Services Automobile Association now owns 40,129 shares of the pipeline company’s stock worth $1,398,000 after acquiring an additional 2,837 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in Williams Companies by 5.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,813 shares of the pipeline company’s stock valued at $2,501,000 after purchasing an additional 3,467 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Price Performance

NYSE WMB opened at $46.04 on Wednesday. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $46.48. The business’s fifty day moving average is $44.20 and its two-hundred day moving average is $41.52. The stock has a market capitalization of $56.11 billion, a P/E ratio of 19.34, a P/E/G ratio of 6.24 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. Williams Companies’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Analysts Set New Price Targets

WMB has been the topic of several analyst reports. Royal Bank of Canada raised their price target on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. 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. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Finally, StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research 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 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 target price of $43.50.

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.