L & S Advisors Inc Purchases Shares of 78,316 The Williams Companies, Inc. (NYSE:WMB)

L & S Advisors Inc purchased a new position in The Williams Companies, Inc. (NYSE:WMB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,316 shares of the pipeline company’s stock, valued at approximately $3,328,000.

Other large investors have also modified their holdings of the company. Western Pacific Wealth Management LP purchased a new stake in Williams Companies during the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in Williams Companies during the first quarter worth about $27,000. Fairman Group LLC purchased a new position in Williams Companies in the fourth quarter worth approximately $31,000. SouthState Corp purchased a new position in Williams Companies during the second quarter worth about $31,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

WMB has been the subject of a number of recent research reports. Scotiabank lifted their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada increased their price target on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Morgan Stanley increased their price objective on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Finally, Barclays increased their price objective on shares of Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.83.

Williams Companies Trading Up 0.9 %

NYSE WMB opened at $45.46 on Tuesday. The stock has a market capitalization of $55.40 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 6.19 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.81. The stock’s 50 day moving average price is $43.85 and its two-hundred day moving average price is $41.13. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

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, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed 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 4.18%. Williams Companies’s dividend payout ratio is currently 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.