Sustainable Insight Capital Management LLC Invests $293,000 in The Williams Companies, Inc. (NYSE:WMB)

Sustainable Insight Capital Management LLC bought a new stake in The Williams Companies, Inc. (NYSE:WMB) during the 2nd quarter, Holdings Channel reports. The firm bought 6,900 shares of the pipeline company’s stock, valued at approximately $293,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Williams Companies during the 4th quarter worth $306,417,000. O Shaughnessy Asset Management LLC raised its stake in Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after purchasing an additional 14,672 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after purchasing an additional 56,509 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Williams Companies by 24.5% during the fourth quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after purchasing an additional 518,009 shares during the period. Finally, Chickasaw Capital Management LLC raised its position in shares of Williams Companies by 3.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock valued at $64,091,000 after buying an additional 56,013 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WMB shares. Morgan Stanley lifted their price objective 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 raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Barclays raised their target price on shares of Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a 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. Finally, Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.83.

Williams Companies Trading Down 1.3 %

Shares of WMB stock opened at $44.25 on Friday. The stock’s 50-day moving average price is $43.56 and its 200-day moving average price is $40.63. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.81. The stock has a market capitalization of $53.93 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 6.11 and a beta of 1.05. 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 posted 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. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $0.42 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Equities research analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.29%. The ex-dividend date 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.