Legacy Capital Wealth Partners LLC Buys Shares of 25,128 The Williams Companies, Inc. (NYSE:WMB)

Legacy Capital Wealth Partners LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,128 shares of the pipeline company's stock, valued at approximately $1,068,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Williams Companies during the fourth quarter valued at about $306,417,000. Blackstone Inc. increased its position in shares of Williams Companies by 109.1% in the 1st quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company's stock worth $252,006,000 after purchasing an additional 3,373,800 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Williams Companies by 21.3% during the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company's stock worth $403,801,000 after purchasing an additional 2,039,703 shares during the last quarter. Jennison Associates LLC grew its stake in Williams Companies by 40.1% in the first quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company's stock worth $224,203,000 after purchasing an additional 1,647,469 shares in the last quarter. Finally, First Financial Bankshares Inc bought a new stake in Williams Companies in the fourth quarter valued at about $56,223,000. Hedge funds and other institutional investors own 86.44% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WMB. Royal Bank of Canada raised their price target on Williams Companies from $44.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Argus upgraded Williams Companies from a "hold" rating to a "buy" rating in a report on Thursday, June 20th. CIBC lifted their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 8th. Scotiabank increased their target price on shares of Williams Companies from $43.00 to $48.00 and gave the company a "sector perform" rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company upgraded Williams Companies from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $46.00 in a research report on Tuesday, June 4th. One investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $42.83.

Williams Companies Trading Down 0.5 %

Williams Companies stock traded down $0.22 during mid-day trading on Tuesday, hitting $45.55. The stock had a trading volume of 4,528,484 shares, compared to its average volume of 6,425,854. The stock has a market capitalization of $55.51 billion, a PE ratio of 19.23, a P/E/G ratio of 6.29 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.81. 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 stock has a 50-day simple moving average of $43.38 and a two-hundred day simple moving average of $40.43.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The business's quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.17%. Williams Companies's dividend payout ratio is presently 79.83%.

Williams Companies 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.