Secure Asset Management LLC Increases Holdings in The Williams Companies, Inc. (NYSE:WMB)

Secure Asset Management LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,341 shares of the pipeline company’s stock after buying an additional 2,849 shares during the period. Secure Asset Management LLC’s holdings in Williams Companies were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMB. Checchi Capital Advisers LLC increased its holdings in shares of Williams Companies by 1.2% in the first quarter. Checchi Capital Advisers LLC now owns 22,683 shares of the pipeline company’s stock valued at $884,000 after purchasing an additional 274 shares during the period. Everett Harris & Co. CA raised its position in shares of Williams Companies by 1.8% during the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after purchasing an additional 275 shares during the last quarter. Schulhoff & Co. Inc. lifted its position in shares of Williams Companies by 1.6% in the first quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock valued at $697,000 after acquiring an additional 276 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its holdings in Williams Companies by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,770 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 280 shares in the last quarter. Finally, L.M. Kohn & Company raised its position in shares of Williams Companies by 4.9% in the first quarter. L.M. Kohn & Company now owns 6,116 shares of the pipeline company’s stock valued at $238,000 after buying an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 1.4 %

Shares of Williams Companies stock traded up $0.62 during trading hours on Friday, hitting $45.29. 3,350,261 shares of the company’s stock traded hands, compared to its average volume of 6,499,317. The stock has a 50 day simple moving average of $42.97 and a 200-day simple moving average of $39.86. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $45.35. The company has a market cap of $55.20 billion, a PE ratio of 19.03, a PEG ratio of 6.09 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm 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 firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WMB. Truist Financial raised their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. US Capital Advisors downgraded shares of Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. CIBC increased their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Barclays upped their price target on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.83.

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.