Inscription Capital LLC Makes New $1.42 Million Investment in The Williams Companies, Inc. (NYSE:WMB)

Inscription Capital LLC purchased a new position in The Williams Companies, Inc. (NYSE:WMB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,748 shares of the pipeline company's stock, valued at approximately $1,419,000.

Several other hedge funds also recently made changes to their positions in WMB. ING Groep NV grew its holdings in Williams Companies by 266.6% during the 4th quarter. ING Groep NV now owns 155,694 shares of the pipeline company's stock valued at $8,426,000 after buying an additional 113,227 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Williams Companies by 14.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company's stock valued at $5,130,000 after acquiring an additional 10,561 shares in the last quarter. Cerity Partners LLC increased its holdings in Williams Companies by 4.3% during the 4th quarter. Cerity Partners LLC now owns 183,317 shares of the pipeline company's stock worth $9,224,000 after acquiring an additional 7,618 shares during the period. NEOS Investment Management LLC lifted its stake in Williams Companies by 31.4% in the 4th quarter. NEOS Investment Management LLC now owns 72,904 shares of the pipeline company's stock worth $3,946,000 after purchasing an additional 17,420 shares in the last quarter. Finally, Aigen Investment Management LP lifted its stake in Williams Companies by 800.6% in the 4th quarter. Aigen Investment Management LP now owns 63,509 shares of the pipeline company's stock worth $3,437,000 after purchasing an additional 56,457 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Trading Down 1.1%

Shares of WMB opened at $59.13 on Tuesday. The stock has a market capitalization of $72.10 billion, a P/E ratio of 32.31, a PEG ratio of 5.01 and a beta of 0.65. The Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $61.67. The company has a quick ratio of 0.45, a current ratio of 0.50 and a debt-to-equity ratio of 1.67. The firm has a fifty day simple moving average of $58.80 and a two-hundred day simple moving average of $57.36.

Williams Companies (NYSE:WMB - Get Free Report) last posted its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. Williams Companies's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. On average, research analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's payout ratio is 106.95%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMB shares. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday. Barclays upped their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Citigroup lifted their target price on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a research note on Friday, May 16th. Finally, CIBC raised their price objective on shares of Williams Companies from $56.00 to $57.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies has an average rating of "Moderate Buy" and a consensus price target of $61.25.

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.

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