Metis Global Partners LLC Has $3.35 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Metis Global Partners LLC raised its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,171 shares of the pipeline company’s stock after buying an additional 1,711 shares during the period. Metis Global Partners LLC’s holdings in Williams Companies were worth $3,350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its holdings in Williams Companies by 7.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 167,220 shares of the pipeline company’s stock worth $5,634,000 after acquiring an additional 12,008 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Williams Companies by 13.0% in the third quarter. Stratos Wealth Partners LTD. now owns 15,001 shares of the pipeline company’s stock worth $505,000 after purchasing an additional 1,721 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in Williams Companies in the third quarter valued at approximately $220,000. Verdence Capital Advisors LLC boosted its holdings in shares of Williams Companies by 5.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 40,639 shares of the pipeline company’s stock worth $1,369,000 after buying an additional 2,263 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Williams Companies by 19.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 482,213 shares of the pipeline company’s stock worth $16,246,000 after buying an additional 79,746 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 1.0 %

Shares of NYSE:WMB traded up $0.39 during mid-day trading on Monday, hitting $39.06. 6,717,222 shares of the company traded hands, compared to its average volume of 6,954,164. The stock has a 50-day moving average price of $37.85 and a two-hundred day moving average price of $36.01. The Williams Companies, Inc. has a 12-month low of $28.27 and a 12-month high of $39.76. The stock has a market cap of $47.59 billion, a P/E ratio of 14.76, a P/E/G ratio of 6.07 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities research analysts forecast that The Williams Companies, Inc. will post 1.82 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.86%. Williams Companies’s dividend payout ratio is currently 72.52%.

Analyst Upgrades and Downgrades

WMB has been the topic of a number of research reports. US Capital Advisors downgraded shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Barclays increased their price objective on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Truist Financial boosted their target price on Williams Companies from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Wolfe Research reiterated an “underperform” rating and issued a $34.00 price target on shares of Williams Companies in a report on Thursday, April 18th. Finally, UBS Group raised their price objective on Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $39.22.

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.