The Williams Companies, Inc. (NYSE:WMB) Shares Bought by TD Asset Management Inc

TD Asset Management Inc lifted its stake in The Williams Companies, Inc. (NYSE:WMB) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 658,515 shares of the pipeline company’s stock after acquiring an additional 44,074 shares during the period. TD Asset Management Inc owned 0.05% of Williams Companies worth $27,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new stake in shares of Williams Companies in the 4th quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $27,000. Fairman Group LLC bought a new stake in shares of Williams Companies in the 4th quarter worth approximately $31,000. Alaska Permanent Fund Corp bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $46,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Williams Companies in the 1st quarter worth approximately $50,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Truist Financial boosted their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley boosted their target price on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Royal Bank of Canada upped their price target on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. 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 data from MarketBeat.com, Williams Companies has an average rating of “Hold” and a consensus target price of $42.83.

Williams Companies Price Performance

WMB opened at $44.26 on Friday. The stock has a fifty day moving average price of $43.56 and a 200 day moving average price of $40.68. 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 Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.81. The stock has a market cap of $53.94 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 6.11 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. Analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal 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 dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s payout ratio is presently 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.