6,900 Shares in The Williams Companies, Inc. (NYSE:WMB) Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC bought a new stake in shares of The Williams Companies, Inc. (NYSE:WMB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,900 shares of the pipeline company’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMB. Western Pacific Wealth Management LP acquired a new stake in shares of Williams Companies in the fourth quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in shares of Williams Companies in the first quarter worth $27,000. Fairman Group LLC bought a new stake in Williams Companies in the 4th quarter valued at $31,000. SouthState Corp bought a new stake in shares of Williams Companies in the second quarter valued at about $31,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Williams Companies during the first quarter worth $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on WMB shares. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Scotiabank raised their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. Finally, Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus target price of $42.83.

Williams Companies Stock Performance

Shares of WMB stock opened at $44.25 on Friday. The stock has a market cap of $53.93 billion, a P/E ratio of 18.59, a P/E/G ratio of 6.11 and a beta of 1.05. The company has a fifty day moving average price of $43.56 and a two-hundred day moving average price of $40.63. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.81. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during 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%. Williams Companies’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts predict 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 issued a dividend of $0.475 per share. 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 is 79.83%.

Williams Companies 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.