Anchor Investment Management LLC Acquires 750 Shares of The Williams Companies, Inc. (NYSE:WMB)

Anchor Investment Management LLC boosted its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,479 shares of the pipeline company’s stock after buying an additional 750 shares during the quarter. Anchor Investment Management LLC’s holdings in Williams Companies were worth $233,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of Williams Companies in the first quarter worth $27,000. Fairman Group LLC purchased a new stake in Williams Companies in the 4th quarter worth $31,000. SouthState Corp purchased a new stake in Williams Companies in the 2nd quarter worth $31,000. GHP Investment Advisors Inc. bought a new stake in Williams Companies during the second quarter valued at about $34,000. Finally, Quarry LP purchased a new position in shares of Williams Companies in the second quarter valued at about $35,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Trading Up 2.9 %

Shares of NYSE WMB opened at $49.63 on Friday. The Williams Companies, Inc. has a 1-year low of $32.63 and a 1-year high of $49.67. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The business’s 50 day moving average is $44.75 and its two-hundred day moving average is $42.00. The stock has a market capitalization of $60.49 billion, a P/E ratio of 20.85, a PEG ratio of 6.54 and a beta of 1.05.

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. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, research analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors 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 yield of 3.83%. Williams Companies’s dividend payout ratio is presently 79.83%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMB has been the subject of several research analyst reports. Barclays increased their target price on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. UBS Group raised their target price on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Williams Companies has an average rating of “Hold” and a consensus target price of $45.23.

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.