NewEdge Advisors LLC Has $8.82 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

NewEdge Advisors LLC raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 20.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,629 shares of the pipeline company’s stock after buying an additional 34,870 shares during the quarter. NewEdge Advisors LLC’s holdings in Williams Companies were worth $8,824,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WMB. Blackstone Inc. lifted its position in shares of Williams Companies by 109.1% in the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after acquiring an additional 3,373,800 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Williams Companies by 21.3% in the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after acquiring an additional 2,039,703 shares in the last quarter. Jennison Associates LLC boosted its stake in Williams Companies by 40.1% in the first quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock worth $224,203,000 after purchasing an additional 1,647,469 shares in the last quarter. First Financial Bankshares Inc bought a new stake in Williams Companies during the 4th quarter worth about $56,223,000. Finally, Morningstar Investment Services LLC grew its stake in shares of Williams Companies by 3,821.2% during the fourth quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock valued at $55,180,000 after purchasing an additional 1,539,431 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $45.65 on Tuesday. The stock has a market capitalization 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 company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $46.48. The stock has a 50 day moving average price of $44.33 and a 200 day moving average price of $41.76.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.16%. Williams Companies’s payout ratio is 79.83%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley upped their target price on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Truist Financial raised their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Royal Bank of Canada boosted their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, Barclays increased their price target on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. One research 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 company currently has an average rating of “Hold” and a consensus 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.