Signaturefd LLC Increases Position in The Williams Companies, Inc. (NYSE:WMB)

Signaturefd LLC increased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,487 shares of the pipeline company’s stock after acquiring an additional 335 shares during the period. Signaturefd LLC’s holdings in Williams Companies were worth $1,083,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Western Pacific Wealth Management LP bought a new stake in shares of Williams Companies during the fourth quarter worth $25,000. Rise Advisors LLC purchased a new stake in Williams Companies in the 1st quarter valued at about $27,000. Fairman Group LLC purchased a new stake in Williams Companies in the 4th quarter valued at about $31,000. Alaska Permanent Fund Corp bought a new position in Williams Companies in the 1st quarter worth about $46,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Williams Companies during the first quarter worth approximately $50,000. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Truist Financial increased their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Royal Bank of Canada lifted their price objective on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.83.

Williams Companies Stock Up 0.6 %

Shares of Williams Companies stock traded up $0.28 on Friday, reaching $45.77. The stock had a trading volume of 7,165,846 shares, compared to its average volume of 6,437,417. 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 stock has a market capitalization of $55.78 billion, a P/E ratio of 19.23, a P/E/G ratio of 6.25 and a beta of 1.05. The company has a 50 day moving average price of $43.25 and a 200 day moving average price of $40.17. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.81.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 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.