The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC boosted its position in The Williams Companies, Inc. (NYSE:WMB) by 2.4% during the 1st quarter, Holdings Channel reports. The fund owned 27,625 shares of the pipeline company’s stock after acquiring an additional 650 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Williams Companies were worth $1,077,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WMB. Norges Bank acquired a new position in Williams Companies in the fourth quarter valued at $306,417,000. ETF Store Inc. grew its stake in Williams Companies by 3.3% during the 4th quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock worth $991,000 after buying an additional 899 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Williams Companies by 24.5% during the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after buying an additional 518,009 shares during the last quarter. Rheos Capital Works Inc. increased its position in Williams Companies by 59.0% during the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock worth $22,988,000 after buying an additional 245,000 shares during the period. Finally, Chickasaw Capital Management LLC boosted its holdings in shares of Williams Companies by 3.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock valued at $64,091,000 after acquiring an additional 56,013 shares during the period. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on WMB shares. UBS Group increased their price target on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Argus raised Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. CIBC lifted their target price on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Truist Financial boosted their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Williams Companies has a consensus rating of “Hold” and a consensus target price of $41.42.

Williams Companies Trading Up 1.2 %

Williams Companies stock traded up $0.50 during trading on Thursday, reaching $42.80. The company had a trading volume of 3,176,619 shares, compared to its average volume of 5,724,086. The firm has a market capitalization of $52.16 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 6.63 and a beta of 1.05. The stock’s 50 day moving average price is $40.82 and its two-hundred day moving average price is $37.74. The Williams Companies, Inc. has a 12-month low of $32.20 and a 12-month high of $43.22. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. Williams Companies’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.44%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of Williams Companies stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the transaction, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

About Williams Companies

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.