AGF Management Ltd. Has $74.31 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

AGF Management Ltd. lowered its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,748,366 shares of the pipeline company’s stock after selling 61,711 shares during the period. AGF Management Ltd.’s holdings in Williams Companies were worth $74,306,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Williams Companies in the 4th quarter valued at approximately $306,417,000. Blackstone Inc. increased its position in shares of Williams Companies by 109.1% during the first quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock valued at $252,006,000 after purchasing an additional 3,373,800 shares during the period. Wellington Management Group LLP raised its stake in shares of Williams Companies by 21.3% in the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after purchasing an additional 2,039,703 shares in the last quarter. Jennison Associates LLC lifted its position in Williams Companies by 40.1% in the first quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock worth $224,203,000 after purchasing an additional 1,647,469 shares during the period. Finally, First Financial Bankshares Inc acquired a new stake in Williams Companies during the fourth quarter worth $56,223,000. Institutional investors own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Royal Bank of Canada raised their price target on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Barclays increased their target price on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Truist Financial boosted their price target on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Finally, Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.83.

Williams Companies Price Performance

Shares of WMB stock opened at $44.80 on Wednesday. The stock’s fifty day moving average is $43.65 and its 200-day moving average is $40.86. 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 Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.81. The stock has a market capitalization of $54.60 billion, a PE ratio of 18.82, a PEG ratio of 6.08 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the company posted $0.42 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio 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.