New Wave Wealth Advisors LLC Buys New Holdings in The Williams Companies, Inc. (NYSE:WMB)

New Wave Wealth Advisors LLC purchased a new position in The Williams Companies, Inc. (NYSE:WMB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,650 shares of the pipeline company’s stock, valued at approximately $325,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Next Capital Management LLC bought a new stake in Williams Companies during the 2nd quarter worth approximately $221,000. EP Wealth Advisors LLC grew its holdings in Williams Companies by 12.3% during the second quarter. EP Wealth Advisors LLC now owns 11,607 shares of the pipeline company’s stock worth $493,000 after buying an additional 1,267 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Williams Companies in the 2nd quarter valued at $42,000. Quarry LP purchased a new position in Williams Companies during the 2nd quarter worth $35,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Williams Companies by 60.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,687 shares of the pipeline company’s stock worth $72,000 after acquiring an additional 633 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

WMB stock opened at $45.65 on Tuesday. The firm has a 50 day moving average of $44.33 and a 200-day moving average of $41.76. The firm has a market capitalization of $55.64 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 6.20 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $46.48. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.16%. Williams Companies’s payout ratio is currently 79.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays boosted their price objective on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Scotiabank raised their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. 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 company’s stock. According to MarketBeat, the company has a consensus 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.