Gentry Private Wealth LLC Acquires New Shares in The Williams Companies, Inc. (NYSE:WMB)

Gentry Private Wealth LLC acquired a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,872 shares of the pipeline company’s stock, valued at approximately $420,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in Williams Companies in the fourth quarter valued at about $322,000. Apollon Wealth Management LLC grew its stake in shares of Williams Companies by 20.7% during the fourth quarter. Apollon Wealth Management LLC now owns 24,738 shares of the pipeline company’s stock worth $862,000 after acquiring an additional 4,250 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Williams Companies during the fourth quarter worth about $1,197,000. Kinsale Capital Group Inc. grew its stake in shares of Williams Companies by 25.1% during the fourth quarter. Kinsale Capital Group Inc. now owns 73,888 shares of the pipeline company’s stock worth $2,574,000 after acquiring an additional 14,812 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Williams Companies by 36.1% during the fourth quarter. Teacher Retirement System of Texas now owns 147,923 shares of the pipeline company’s stock worth $5,152,000 after acquiring an additional 39,215 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Scotiabank upped their target price 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. Royal Bank of Canada upped their target price on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Truist Financial upped their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.83.

Williams Companies Trading Down 1.3 %

Shares of WMB stock opened at $44.26 on Friday. The company has a market cap of $53.94 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 6.11 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $43.56 and a 200-day simple moving average of $40.63. The Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year high of $45.81.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio is presently 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.