Magnolia Capital Advisors LLC Invests $242,000 in The Williams Companies, Inc. (NYSE:WMB)

Magnolia Capital Advisors LLC bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,693 shares of the pipeline company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning grew its stake in Williams Companies by 13.5% during the 2nd quarter. Creative Planning now owns 181,063 shares of the pipeline company’s stock worth $7,695,000 after buying an additional 21,504 shares during the last quarter. MBB Public Markets I LLC purchased a new position in Williams Companies during the 2nd quarter worth $3,529,000. Drucker Wealth 3.0 LLC purchased a new position in Williams Companies during the 2nd quarter worth $3,025,000. APG Asset Management N.V. grew its stake in Williams Companies by 104.5% during the 2nd quarter. APG Asset Management N.V. now owns 676,385 shares of the pipeline company’s stock worth $26,822,000 after buying an additional 345,684 shares during the last quarter. Finally, Point72 Europe London LLP grew its stake in Williams Companies by 36.6% during the 2nd quarter. Point72 Europe London LLP now owns 212,982 shares of the pipeline company’s stock worth $9,052,000 after buying an additional 57,106 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $45.65 on Tuesday. The stock 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 business has a 50-day simple moving average of $44.33 and a 200-day simple moving average 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. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $46.48.

Williams Companies (NYSE:WMB) last announced its quarterly 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 firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $0.42 EPS. Williams Companies’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.16%. Williams Companies’s dividend payout ratio is presently 79.83%.

Wall Street Analysts Forecast Growth

WMB has been the topic of several research analyst reports. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barclays lifted their price target on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Scotiabank lifted their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley lifted 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. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.