Lummis Asset Management LP Has $551,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Lummis Asset Management LP boosted its stake in The Williams Companies, Inc. (NYSE:WMB) by 126.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,143 shares of the pipeline company’s stock after buying an additional 7,887 shares during the quarter. Lummis Asset Management LP’s holdings in Williams Companies were worth $551,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. iA Global Asset Management Inc. boosted its stake in Williams Companies by 454.3% in the 1st quarter. iA Global Asset Management Inc. now owns 52,947 shares of the pipeline company’s stock valued at $2,063,000 after buying an additional 43,395 shares in the last quarter. First Western Trust Bank acquired a new position in Williams Companies in the first quarter worth $304,000. Beacon Capital Management LLC boosted its stake in Williams Companies by 60.9% in the first quarter. Beacon Capital Management LLC now owns 1,398 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 529 shares in the last quarter. Comerica Bank boosted its stake in Williams Companies by 2.1% in the first quarter. Comerica Bank now owns 517,312 shares of the pipeline company’s stock worth $20,160,000 after purchasing an additional 10,579 shares in the last quarter. Finally, Alethea Capital Management LLC acquired a new position in Williams Companies in the first quarter worth $528,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 0.4 %

NYSE WMB traded up $0.16 on Thursday, reaching $43.10. The company had a trading volume of 6,838,381 shares, compared to its average volume of 6,593,989. The stock’s 50 day moving average is $42.13 and its 200-day moving average is $38.84. The stock has a market cap of $52.53 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 6.74 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.10.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the firm earned $0.56 EPS. Williams Companies’s quarterly revenue was down 10.1% compared to the same quarter last year. Equities analysts predict that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.475 dividend. 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 4.41%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WMB shares. Stifel Nicolaus boosted their price objective on Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. US Capital Advisors lowered Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Morgan Stanley boosted their target price on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Truist Financial boosted their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Finally, Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and an average target price of $41.77.

Insider Activity

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Williams Companies 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.