Blue Barn Wealth LLC Takes Position in The Williams Companies, Inc. (NYSE:WMB)

Blue Barn Wealth LLC purchased a new stake in The Williams Companies, Inc. (NYSE:WMB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,996 shares of the pipeline company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WMB. Western Pacific Wealth Management LP acquired a new position in Williams Companies in the 4th quarter worth $25,000. Rise Advisors LLC acquired a new position in Williams Companies in the 1st quarter worth $27,000. Fairman Group LLC acquired a new position in Williams Companies in the 4th quarter worth $31,000. SouthState Corp acquired a new position in Williams Companies in the 2nd quarter worth $31,000. Finally, Alaska Permanent Fund Corp acquired a new position in Williams Companies in the 1st quarter worth $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analysts Forecast Growth

WMB has been the subject of a number of research analyst reports. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Scotiabank boosted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Wells Fargo & Company raised shares of 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. Morgan Stanley boosted their price target on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Finally, Barclays boosted 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.83.

Williams Companies Stock Up 0.9 %

Shares of WMB stock opened at $45.22 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The firm’s 50-day moving average is $43.53 and its 200-day moving average is $40.56. The stock has a market cap of $55.11 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 6.11 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $45.81.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business earned $0.42 EPS. Williams Companies’s quarterly revenue was down 5.9% on a year-over-year basis. Sell-side analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid 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 yield of 4.20%. Williams Companies’s dividend payout ratio (DPR) is currently 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.