1 week Ago By ABMN Staff
Candriam S.C.A.
increased its stake in The Williams Companies, Inc. ( NYSE:WMB – Free Report ) by 2.3% in the second quarter, HoldingsChannel reports.
The fund owned 127,806 shares of the pipeline company’s stock after purchasing an additional 2,922 shares during the period. Candriam S.C.
A.’s holdings in Williams Companies were worth $5,432,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently modified their holdings of WMB.
Western Pacific Wealth Management LP bought a new stake in shares of Williams Companies in the 4th quarter valued at about $25,000. Rise Advisors LLC bought a new position in Williams Companies during the 1st quarter valued at approximately $27,000. Fairman Group LLC bought a new position in Williams Companies during the 4th quarter valued at approximately $31,000.
SouthState Corp bought a new position in Williams Companies during the 2nd quarter valued at approximately $31,000. Finally, Alaska Permanent Fund Corp bought a new position in Williams Companies during the 1st quarter valued at approximately $46,000. Institutional investors own 86.
44% of the company’s stock. Analysts Set New Price Targets A number of research analysts have commented on WMB shares. StockNews.
com lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley upped their target price on Williams Companies from $45.00 to $48.
00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Royal Bank of Canada upped their target price on Williams Companies from $44.00 to $47.
00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Truist Financial upped their target price on Williams Companies from $40.
00 to $42.00 and gave the stock a “hold” rating in a report 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.com, the company has a consensus rating of “Hold” and an average price target of $42.83.
Williams Companies Stock Performance WMB stock opened at $44.26 on Monday. The stock’s 50 day simple moving average is $43.
56 and its 200 day simple moving average is $40.72. The stock has a market capitalization of $53.
94 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 6.08 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. The Williams Companies, Inc.
has a 12-month low of $32.49 and a 12-month high of $45.81.
Williams Companies ( NYSE:WMB – Get Free Report ) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.
38 by $0.05. The firm had revenue of $2.
34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.
17% and a net margin of 27.11%. The company’s revenue was down 5.
9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS.
As a group, research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.475 per share.
The ex-dividend date is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.
29%. Williams Companies’s payout ratio is 79.83%.
Williams Companies Company Profile ( Free Report ) 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.
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