Woodley Farra Manion Portfolio Management Inc. Increases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Woodley Farra Manion Portfolio Management Inc. grew its stake in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 8.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 154,504 shares of the pipeline company’s stock after buying an additional 12,182 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in Williams Companies were worth $5,162,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Gateway Investment Advisers LLC purchased a new stake in shares of Williams Companies during the 1st quarter valued at $236,000. Robeco Institutional Asset Management B.V. raised its position in Williams Companies by 2.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 474,134 shares of the pipeline company’s stock valued at $15,842,000 after purchasing an additional 10,865 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Williams Companies by 3,402.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,514 shares of the pipeline company’s stock worth $170,000 after purchasing an additional 6,328 shares in the last quarter. King Luther Capital Management Corp purchased a new stake in shares of Williams Companies in the fourth quarter worth about $516,000. Finally, Ensign Peak Advisors Inc grew its stake in shares of Williams Companies by 143.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 419,696 shares of the pipeline company’s stock valued at $10,928,000 after buying an additional 247,533 shares in the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $33.79 on Thursday. The firm has a market cap of $41.16 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 6.33 and a beta of 1.20. The firm’s 50-day simple moving average is $33.24 and its 200-day simple moving average is $32.61. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.69 and a current ratio of 0.73. The Williams Companies, Inc. has a 1 year low of $23.53 and a 1 year high of $37.97.

Williams Companies (NYSE:WMBGet Rating) last issued its earnings results on Monday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $3.19 billion. Williams Companies had a net margin of 13.95% and a return on equity of 12.20%. During the same quarter in the prior year, the business posted $0.35 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.51 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.03%. Williams Companies’s dividend payout ratio (DPR) is presently 141.67%.

Insider Activity

In related news, SVP Debbie L. Cowan sold 36,228 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $37.75, for a total transaction of $1,367,607.00. Following the completion of the sale, the senior vice president now owns 62,891 shares of the company’s stock, valued at approximately $2,374,135.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMB. StockNews.com started coverage on Williams Companies in a report on Thursday, March 31st. They issued a “hold” rating for the company. US Capital Advisors reaffirmed a “hold” rating on shares of Williams Companies in a report on Wednesday, June 1st. Morgan Stanley boosted their price objective on shares of Williams Companies from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 26th. Raymond James boosted their price objective on shares of Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 20th. Finally, Truist Financial began coverage on shares of Williams Companies in a report on Monday, May 2nd. They issued a “buy” rating and a $37.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.54.

Williams Companies Company Profile

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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