Drucker Wealth 3.0 LLC Acquires Shares of 71,184 The Williams Companies, Inc. (NYSE:WMB)

Drucker Wealth 3.0 LLC bought a new position in The Williams Companies, Inc. (NYSE:WMB) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 71,184 shares of the pipeline company’s stock, valued at approximately $3,025,000.

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

Analysts Set New Price Targets

WMB has been the subject of several analyst reports. UBS Group increased their price target 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. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Truist Financial upped their target price on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Morgan Stanley raised their price target on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. One equities 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 MarketBeat.com, Williams Companies currently has an average rating of “Hold” and a consensus price target of $43.50.

Williams Companies Price Performance

NYSE:WMB opened at $45.50 on Thursday. 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 business’s 50-day moving average price is $44.20 and its 200 day moving average price is $41.52. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $46.48. The firm has a market cap of $55.45 billion, a P/E ratio of 19.12, a PEG ratio of 6.32 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. As a group, sell-side analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

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.