Y.D. More Investments Ltd Takes Position in The Williams Companies, Inc. (NYSE:WMB)

Y.D. More Investments Ltd bought a new stake in The Williams Companies, Inc. (NYSE:WMB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,404 shares of the pipeline company’s stock, valued at approximately $145,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMB. Norges Bank bought a new position in Williams Companies during the 4th quarter valued at approximately $306,417,000. Blackstone Inc. raised its position in Williams Companies by 109.1% during the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock valued at $252,006,000 after purchasing an additional 3,373,800 shares during the last quarter. Wellington Management Group LLP raised its position in Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after purchasing an additional 2,039,703 shares during the last quarter. Jennison Associates LLC raised its position in Williams Companies by 40.1% during the 1st quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock valued at $224,203,000 after purchasing an additional 1,647,469 shares during the last quarter. Finally, First Financial Bankshares Inc bought a new position in Williams Companies during the 4th quarter valued at approximately $56,223,000. Institutional investors own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of recent analyst reports. Scotiabank upped their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Morgan Stanley increased their target price 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. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Finally, Argus raised Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.83.

Williams Companies Stock Performance

Shares of WMB opened at $45.09 on Friday. The business’s fifty day simple moving average is $43.73 and its two-hundred day simple moving average is $40.91. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.81. The company has a market cap of $54.95 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 6.12 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued 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 business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. Research analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.21%. Williams Companies’s dividend payout ratio (DPR) 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.