MGO One Seven LLC Purchases 7,373 Shares of The Williams Companies, Inc. (NYSE:WMB)

MGO One Seven LLC raised its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.7% during the second quarter, HoldingsChannel.com reports. The firm owned 70,227 shares of the pipeline company’s stock after acquiring an additional 7,373 shares during the quarter. MGO One Seven LLC’s holdings in Williams Companies were worth $2,985,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Checchi Capital Advisers LLC grew its position in Williams Companies by 1.2% in the first quarter. Checchi Capital Advisers LLC now owns 22,683 shares of the pipeline company’s stock valued at $884,000 after purchasing an additional 274 shares in the last quarter. Everett Harris & Co. CA boosted its stake in shares of Williams Companies by 1.8% during the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after buying an additional 275 shares during the last quarter. Schulhoff & Co. Inc. grew its holdings in shares of Williams Companies by 1.6% in the 1st quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock valued at $697,000 after acquiring an additional 276 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of Williams Companies by 3.3% in the first quarter. Industrial Alliance Investment Management Inc. now owns 8,770 shares of the pipeline company’s stock valued at $342,000 after acquiring an additional 280 shares during the last quarter. Finally, L.M. Kohn & Company raised its holdings in Williams Companies by 4.9% during the first quarter. L.M. Kohn & Company now owns 6,116 shares of the pipeline company’s stock worth $238,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Performance

NYSE:WMB opened at $44.58 on Thursday. The stock has a 50 day simple moving average of $43.69 and a 200 day simple moving average of $40.88. The stock has a market cap of $54.33 billion, a P/E ratio of 18.73, a PEG ratio of 6.08 and a beta of 1.05. The Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year 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.

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

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.26%. Williams Companies’s dividend payout ratio is presently 79.83%.

Analysts Set New Price Targets

Several research firms have weighed in on WMB. Royal Bank of Canada boosted their price target on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Barclays upped their price target on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average target price of $42.83.

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.