The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its position in The Williams Companies, Inc. (NYSE:WMB) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 713,452 shares of the pipeline company’s stock after purchasing an additional 16,168 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Williams Companies worth $27,803,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Clearbridge Investments LLC increased its holdings in shares of Williams Companies by 5.9% in the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after purchasing an additional 1,175,628 shares during the period. Wellington Management Group LLP boosted its stake in shares of Williams Companies by 21.3% in the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares during the last quarter. Norges Bank purchased a new stake in shares of Williams Companies in the fourth quarter worth about $306,417,000. Kayne Anderson Capital Advisors LP boosted its stake in shares of 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 buying an additional 1,010,658 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Williams Companies by 0.7% in the first quarter. Raymond James & Associates now owns 8,421,205 shares of the pipeline company’s stock worth $328,174,000 after buying an additional 55,248 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of recent research reports. US Capital Advisors downgraded Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. CIBC upped their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. 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. Morgan Stanley increased their price target 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, Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.77.

Insider Transactions at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.44% of the company’s stock.

Williams Companies Price Performance

Shares of Williams Companies stock traded up $0.70 during mid-day trading on Friday, reaching $42.52. 5,567,552 shares of the stock traded hands, compared to its average volume of 5,498,141. The business has a 50-day moving average of $41.98 and a 200 day moving average of $38.62. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.10. The stock has a market capitalization of $51.82 billion, a PE ratio of 17.87, a PEG ratio of 6.54 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. On average, analysts predict that The Williams Companies, Inc. will post 1.86 EPS for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.47%. 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.