The Williams Companies, Inc. (NYSE:WMB) Holdings Raised by CFM Wealth Partners LLC

CFM Wealth Partners LLC lifted its position in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 421,995 shares of the pipeline company’s stock after buying an additional 9,922 shares during the quarter. Williams Companies makes up about 4.0% of CFM Wealth Partners LLC’s holdings, making the stock its 3rd largest position. CFM Wealth Partners LLC’s holdings in Williams Companies were worth $13,170,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC purchased a new stake in shares of Williams Companies in the first quarter valued at $236,000. Los Angeles Capital Management LLC boosted its holdings in Williams Companies by 620.8% in the first quarter. Los Angeles Capital Management LLC now owns 252,059 shares of the pipeline company’s stock valued at $8,421,000 after acquiring an additional 217,089 shares during the last quarter. Huntington National Bank grew its position in Williams Companies by 36.6% during the first quarter. Huntington National Bank now owns 6,017 shares of the pipeline company’s stock valued at $201,000 after acquiring an additional 1,613 shares during the period. Cohen & Steers Inc. raised its holdings in shares of Williams Companies by 7.1% in the 1st quarter. Cohen & Steers Inc. now owns 430,556 shares of the pipeline company’s stock worth $14,385,000 after purchasing an additional 28,600 shares during the period. Finally, Lincoln National Corp grew its holdings in shares of Williams Companies by 17.4% during the 1st quarter. Lincoln National Corp now owns 13,741 shares of the pipeline company’s stock worth $459,000 after purchasing an additional 2,039 shares during the period. 85.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on WMB. Wells Fargo & Company lifted their price target on shares of Williams Companies from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 3rd. Raymond James increased their price target on Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a report on Wednesday, August 3rd. TD Securities upped their target price on Williams Companies from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Mizuho raised their target price on Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, The Goldman Sachs Group cut Williams Companies from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $35.00 to $30.00 in a report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.86.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $31.69 on Monday. The firm has a market cap of $38.62 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 6.11 and a beta of 1.17. The Williams Companies, Inc. has a 1 year low of $24.62 and a 1 year high of $37.97. The firm’s 50-day simple moving average is $33.31 and its 200-day simple moving average is $33.63. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.59 and a current ratio of 0.65.

Williams Companies (NYSE:WMBGet Rating) last released its earnings results on Monday, August 1st. The pipeline company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. Williams Companies had a return on equity of 13.43% and a net margin of 14.57%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.48 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.36%. Williams Companies’s dividend payout ratio (DPR) is 132.81%.

Williams Companies Company Profile

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

See Also

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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