The Williams Companies, Inc. (NYSE:WMB) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 208.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,726 shares of the pipeline company’s stock after purchasing an additional 14,012 shares during the period. Brookstone Capital Management’s holdings in Williams Companies were worth $649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. San Luis Wealth Advisors LLC purchased a new stake in shares of Williams Companies in the 1st quarter valued at approximately $25,000. Riverview Trust Co purchased a new stake in shares of Williams Companies in the 1st quarter valued at approximately $27,000. Clearstead Advisors LLC purchased a new stake in shares of Williams Companies in the 1st quarter valued at approximately $28,000. American National Bank lifted its position in shares of Williams Companies by 63.6% in the 1st quarter. American National Bank now owns 908 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 353 shares in the last quarter. Finally, Atwood & Palmer Inc. lifted its position in shares of Williams Companies by 306.4% in the 1st quarter. Atwood & Palmer Inc. now owns 951 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 717 shares in the last quarter. 85.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Raymond James upped their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 3rd. Mizuho upped their price objective on shares of Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Wells Fargo & Company upped their price objective on shares of Williams Companies from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. Barclays upped their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 16th. Finally, TD Securities upped their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Williams Companies has a consensus rating of “Moderate Buy” and a consensus target price of $35.86.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $31.16 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.65 and a quick ratio of 0.59. The Williams Companies, Inc. has a fifty-two week low of $24.86 and a fifty-two week high of $37.97. The firm has a fifty day moving average price of $33.34 and a two-hundred day moving average price of $33.58. The company has a market cap of $37.97 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 6.13 and a beta of 1.17.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings results on Monday, August 1st. The pipeline company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Analysts expect that The Williams Companies, Inc. will post 1.48 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Stockholders of record on Friday, September 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Thursday, September 8th. Williams Companies’s payout ratio is 132.81%.

Williams Companies Company Profile

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

See Also

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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