1,000 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by Kimelman & Baird LLC

Kimelman & Baird LLC purchased a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,000 shares of the pipeline company’s stock, valued at approximately $42,000.

Other hedge funds have also modified their holdings of the company. Quarry LP purchased a new stake in Williams Companies in the second quarter valued at approximately $35,000. Sunbelt Securities Inc. boosted its holdings in shares of Williams Companies by 60.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,687 shares of the pipeline company’s stock valued at $72,000 after acquiring an additional 633 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Williams Companies by 1.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 36,554 shares of the pipeline company’s stock worth $1,554,000 after acquiring an additional 353 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Williams Companies by 20.2% during the second quarter. NewEdge Advisors LLC now owns 207,629 shares of the pipeline company’s stock worth $8,824,000 after purchasing an additional 34,870 shares during the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in Williams Companies during the second quarter valued at $242,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Up 1.1 %

WMB opened at $45.65 on Tuesday. The company has a market cap of $55.64 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 6.20 and a beta of 1.05. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $46.48. The company has a 50-day moving average price of $44.33 and a 200 day moving average price of $41.76. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share 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 business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the business posted $0.42 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Sell-side analysts expect that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Analyst Upgrades and Downgrades

WMB has been the topic of several analyst reports. Morgan Stanley increased their price target on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. 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 report on Tuesday, June 18th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Scotiabank boosted their target price on shares of 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 analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.50.

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.