GAMMA Investing LLC Has $1.02 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

GAMMA Investing LLC increased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 84.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,912 shares of the pipeline company’s stock after acquiring an additional 10,976 shares during the period. GAMMA Investing LLC’s holdings in Williams Companies were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Western Pacific Wealth Management LP bought a new position in Williams Companies in the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Williams Companies in the 4th quarter worth approximately $26,000. Rise Advisors LLC bought a new position in Williams Companies in the 1st quarter worth approximately $27,000. Fairman Group LLC bought a new position in Williams Companies in the 4th quarter worth approximately $31,000. Finally, Alaska Permanent Fund Corp bought a new position in Williams Companies in the 1st quarter worth approximately $46,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of Williams Companies stock traded down $1.05 on Monday, reaching $41.15. 4,433,730 shares of the company traded hands, compared to its average volume of 6,574,834. The firm has a market capitalization of $50.15 billion, a PE ratio of 17.73, a PEG ratio of 6.62 and a beta of 1.05. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The company has a 50 day moving average of $42.18 and a 200 day moving average of $38.96. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.10.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities analysts forecast that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.62%. Williams Companies’s dividend payout ratio is 79.83%.

Insider Activity at Williams Companies

In related news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WMB shares. Scotiabank boosted their price target on shares of Williams Companies from $40.00 to $43.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. StockNews.com upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Truist Financial raised their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Finally, Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of “Hold” and a consensus price target of $42.08.

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.