1620 Investment Advisors Inc. Purchases New Position in The Williams Companies, Inc. (NYSE:WMB)

1620 Investment Advisors Inc. acquired a new position in The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,105 shares of the pipeline company's stock, valued at approximately $642,000.

Several other large investors have also bought and sold shares of WMB. Greenleaf Trust lifted its stake in shares of Williams Companies by 17.8% in the fourth quarter. Greenleaf Trust now owns 22,456 shares of the pipeline company's stock worth $782,000 after buying an additional 3,395 shares in the last quarter. abrdn plc lifted its stake in Williams Companies by 17.9% in the 4th quarter. abrdn plc now owns 1,466,438 shares of the pipeline company's stock worth $51,076,000 after purchasing an additional 223,139 shares in the last quarter. Signaturefd LLC boosted its position in shares of Williams Companies by 3.1% during the 4th quarter. Signaturefd LLC now owns 25,363 shares of the pipeline company's stock valued at $883,000 after acquiring an additional 774 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Williams Companies in the fourth quarter worth about $212,000. Finally, CWM LLC increased its position in Williams Companies by 18.1% during the fourth quarter. CWM LLC now owns 54,960 shares of the pipeline company's stock valued at $1,914,000 after acquiring an additional 8,426 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMB. Truist Financial upped their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, June 18th. CIBC upped their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Wednesday, May 8th. Morgan Stanley lifted their target price on Williams Companies from $45.00 to $48.00 and gave the stock an "equal weight" rating in a report on Monday, June 10th. StockNews.com lowered shares of Williams Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Finally, Barclays increased their price target on shares of Williams Companies from $41.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $42.58.

Williams Companies Price Performance

Shares of WMB stock traded up $0.17 during trading hours on Thursday, reaching $44.68. The company had a trading volume of 2,959,540 shares, compared to its average volume of 6,518,752. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.10. The company has a market capitalization of $54.45 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 6.09 and a beta of 1.05. The stock has a fifty day moving average of $42.89 and a 200-day moving average of $39.79. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly 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 analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities analysts anticipate that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.25%. Williams Companies's dividend payout ratio is currently 79.83%.

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.

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