Infrastructure Capital Advisors LLC boosted its position in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 250.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,191 shares of the pipeline company’s stock after purchasing an additional 134,457 shares during the period. Williams Companies accounts for about 0.6% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 21st biggest holding. Infrastructure Capital Advisors LLC’s holdings in Williams Companies were worth $5,619,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd bought a new position in Williams Companies in the 1st quarter valued at approximately $269,000. Veritable L.P. lifted its holdings in shares of Williams Companies by 3.0% during the first quarter. Veritable L.P. now owns 40,326 shares of the pipeline company’s stock worth $1,204,000 after purchasing an additional 1,168 shares during the period. 1832 Asset Management L.P. grew its stake in shares of Williams Companies by 64.9% in the first quarter. 1832 Asset Management L.P. now owns 4,325,880 shares of the pipeline company’s stock worth $129,171,000 after purchasing an additional 1,703,152 shares during the last quarter. Callan Family Office LLC acquired a new stake in Williams Companies in the first quarter valued at $399,000. Finally, Cresset Asset Management LLC lifted its holdings in Williams Companies by 57.0% during the 1st quarter. Cresset Asset Management LLC now owns 116,367 shares of the pipeline company’s stock worth $3,475,000 after buying an additional 42,265 shares during the period. 85.76% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently weighed in on WMB. Morgan Stanley increased their price target on Williams Companies from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 29th. CIBC started coverage on shares of Williams Companies in a research report on Monday, July 17th. They set a “neutral” rating for the company. StockNews.com started coverage on shares of Williams Companies in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, May 16th. Finally, Mizuho boosted their target price on shares of Williams Companies from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, August 22nd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.27.
Insider Buying and Selling at Williams Companies
In other Williams Companies news, SVP Scott A. Hallam sold 7,194 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $31.00, for a total value of $223,014.00. Following the transaction, the senior vice president now directly owns 241,360 shares of the company’s stock, valued at $7,482,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Scott A. Hallam sold 7,193 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $33.00, for a total value of $237,369.00. Following the completion of the sale, the senior vice president now directly owns 226,973 shares of the company’s stock, valued at $7,490,109. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Scott A. Hallam sold 7,194 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $31.00, for a total value of $223,014.00. Following the completion of the transaction, the senior vice president now owns 241,360 shares in the company, valued at approximately $7,482,160. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,969 shares of company stock worth $1,131,439. 0.44% of the stock is owned by corporate insiders.
Williams Companies Price Performance
Shares of NYSE WMB opened at $33.82 on Friday. The firm has a market capitalization of $41.14 billion, a P/E ratio of 15.51, a P/E/G ratio of 5.01 and a beta of 1.18. The firm’s 50-day moving average price is $34.13 and its 200-day moving average price is $31.37. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The Williams Companies, Inc. has a 1-year low of $27.80 and a 1-year high of $35.46.
Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Williams Companies had a return on equity of 17.35% and a net margin of 23.07%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business earned $0.40 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.
Williams Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 11th will be given a $0.4475 dividend. This represents a $1.79 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, September 8th. Williams Companies’s payout ratio is currently 82.11%.
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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
- Five stocks we like better than Williams Companies
- What is the price-to-earnings growth (PEG) ratio?
- The Best 5 Small Cap AI Companies to Buy Now
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Miso Robotics Stock: Is an IPO Coming Soon?
- Space Investment: How to Invest in Space Exploration
- 3 Stocks to Play the Easing Food Supply Chain
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.