WCG Wealth Advisors LLC Has $818,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

WCG Wealth Advisors LLC lifted its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 69.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,256 shares of the pipeline company’s stock after purchasing an additional 7,917 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Williams Companies were worth $818,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WMB. Jump Financial LLC grew its holdings in shares of Williams Companies by 11.0% during the 4th quarter. Jump Financial LLC now owns 14,707 shares of the pipeline company’s stock worth $512,000 after purchasing an additional 1,457 shares in the last quarter. Brown Advisory Inc. boosted its stake in Williams Companies by 2.4% in the fourth quarter. Brown Advisory Inc. now owns 53,218 shares of the pipeline company’s stock valued at $1,854,000 after buying an additional 1,237 shares in the last quarter. ING Groep NV boosted its stake in Williams Companies by 339.1% in the fourth quarter. ING Groep NV now owns 15,856 shares of the pipeline company’s stock valued at $552,000 after buying an additional 12,245 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Williams Companies by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 331,141 shares of the pipeline company’s stock valued at $11,534,000 after buying an additional 7,668 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in Williams Companies by 3.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 17,420 shares of the pipeline company’s stock valued at $607,000 after buying an additional 657 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WMB shares. UBS Group raised their price objective on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial raised their price objective on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $38.00 to $46.00 in a research report on Tuesday, June 4th. Finally, Morgan Stanley increased their target price on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.50.

Williams Companies Price Performance

Shares of WMB opened at $44.89 on Friday. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.82. 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 company has a market capitalization of $54.71 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05. The business has a 50-day moving average of $44.01 and a 200-day moving average of $41.25.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) 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 period last year, the company earned $0.42 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Announces Dividend

The business 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 dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.23%. Williams Companies’s dividend payout ratio (DPR) is 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.