AMG National Trust Bank Has $1.29 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

AMG National Trust Bank increased its position in The Williams Companies, Inc. (NYSE:WMB) by 82.6% in the second quarter, Holdings Channel.com reports. The firm owned 30,335 shares of the pipeline company’s stock after acquiring an additional 13,721 shares during the period. AMG National Trust Bank’s holdings in Williams Companies were worth $1,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its position in shares of Williams Companies by 8.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 54,728 shares of the pipeline company’s stock worth $1,906,000 after buying an additional 4,361 shares during the period. Syon Capital LLC grew its position in shares of Williams Companies by 7.9% during the 4th quarter. Syon Capital LLC now owns 10,112 shares of the pipeline company’s stock worth $352,000 after buying an additional 737 shares during the period. Truist Financial Corp grew its position in shares of Williams Companies by 78.8% during the 4th quarter. Truist Financial Corp now owns 1,718,895 shares of the pipeline company’s stock worth $59,869,000 after buying an additional 757,438 shares during the period. Paradiem LLC grew its position in shares of Williams Companies by 39.3% during the 4th quarter. Paradiem LLC now owns 202,452 shares of the pipeline company’s stock worth $7,051,000 after buying an additional 57,078 shares during the period. Finally, Mather Group LLC. grew its position in shares of Williams Companies by 4.6% during the 4th quarter. Mather Group LLC. now owns 13,186 shares of the pipeline company’s stock worth $459,000 after buying an additional 580 shares during the period. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMB. US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Scotiabank boosted their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. CIBC lifted their price objective on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Truist Financial lifted their price objective on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, Barclays lifted their price objective on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. One research 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. Based on data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and a consensus price target of $42.83.

Williams Companies Stock Up 1.4 %

NYSE WMB traded up $0.62 during trading on Friday, hitting $45.29. The stock had a trading volume of 3,351,233 shares, compared to its average volume of 6,033,717. The company has a market capitalization of $55.20 billion, a PE ratio of 19.03, a P/E/G ratio of 6.16 and a beta of 1.05. The company’s 50-day moving average price is $42.97 and its two-hundred day moving average price is $39.90. 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 12 month low of $32.49 and a 12 month high of $45.35.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend 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%.

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.