Transatlantique Private Wealth LLC Buys 1,529 Shares of The Williams Companies, Inc. (NYSE:WMB)

Transatlantique Private Wealth LLC raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,110 shares of the pipeline company’s stock after purchasing an additional 1,529 shares during the period. Transatlantique Private Wealth LLC’s holdings in Williams Companies were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in Williams Companies in the 1st quarter worth approximately $27,000. Fairman Group LLC bought a new position in shares of Williams Companies in the fourth quarter worth approximately $31,000. SouthState Corp purchased a new stake in shares of Williams Companies in the second quarter worth $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the 2nd quarter valued at $34,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Williams Companies during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Scotiabank increased their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Barclays boosted their target price on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada raised their target price 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Williams Companies currently has a consensus rating of “Hold” and a consensus price target of $43.50.

Williams Companies Stock Up 1.1 %

Shares of NYSE:WMB opened at $45.38 on Friday. The company has a market cap of $55.31 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.82. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average price of $44.06 and a 200 day moving average price of $41.31.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current 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 issued a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.19%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.