Beam Wealth Advisors Inc. Acquires Shares of 18,860 The Williams Companies, Inc. (NYSE:WMB)

Beam Wealth Advisors Inc. bought a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,860 shares of the pipeline company’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also made changes to their positions in WMB. Clearbridge Investments LLC lifted its holdings in Williams Companies by 5.9% in the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after buying an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Williams Companies by 1.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after acquiring an additional 144,713 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after acquiring an additional 2,039,703 shares in the last quarter. Norges Bank bought a new position in Williams Companies during the fourth quarter worth $306,417,000. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in Williams Companies by 13.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after purchasing an additional 1,010,658 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on WMB shares. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Scotiabank raised their target price on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Argus raised Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Truist Financial increased their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Finally, Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $38.00 to $46.00 in a research report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and an average price target of $42.83.

Williams Companies Trading Up 0.6 %

NYSE:WMB opened at $44.54 on Tuesday. The stock has a market cap of $54.28 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 6.08 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.81. The business has a fifty day moving average of $43.60 and a 200-day moving average of $40.79.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. Equities analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.27%. Williams Companies’s dividend payout ratio is presently 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.