AMG National Trust Bank Grows Stock Position in The Williams Companies, Inc. (NYSE:WMB)

AMG National Trust Bank grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 82.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Western Pacific Wealth Management LP bought a new position in Williams Companies during the 4th quarter worth $25,000. Rise Advisors LLC purchased a new position in shares of Williams Companies in the first quarter worth approximately $27,000. Fairman Group LLC purchased a new position in shares of Williams Companies in the fourth quarter worth approximately $31,000. Alaska Permanent Fund Corp acquired a new position in Williams Companies in the 1st quarter valued at approximately $46,000. Finally, EntryPoint Capital LLC acquired a new position in Williams Companies in the 1st quarter valued at approximately $50,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Williams Companies from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. US Capital Advisors lowered Williams Companies from an "overweight" rating to a "hold" rating in a report on Monday, April 29th. Seaport Res Ptn cut Williams Companies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 30th. CIBC boosted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada upped their target price on shares of Williams Companies from $44.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $42.83.

Williams Companies Trading Up 1.4 %

NYSE:WMB traded up $0.62 during mid-day trading on Friday, hitting $45.29. The company had a trading volume of 3,351,233 shares, compared to its average volume of 6,033,717. 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 fifty-two week low of $32.49 and a fifty-two week high of $45.35. The firm has a market cap of $55.20 billion, a P/E ratio of 19.03, a P/E/G ratio of 6.16 and a beta of 1.05. The business's fifty day moving average is $42.97 and its two-hundred day moving average is $39.94.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm's quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, research analysts expect that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Dividend Announcement

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 is Friday, September 13th. Williams Companies's payout ratio is 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.