Sumitomo Mitsui Trust Group Inc. Buys 23,100 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Sumitomo Mitsui Trust Group Inc. lifted its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,867,907 shares of the pipeline company's stock after purchasing an additional 23,100 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Williams Companies worth $171,386,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC boosted its position in Williams Companies by 1.0% during the 4th quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock valued at $968,000 after buying an additional 183 shares during the period. Castleview Partners LLC raised its stake in shares of Williams Companies by 4.2% during the first quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after acquiring an additional 183 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of Williams Companies by 0.6% during the fourth quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock worth $1,669,000 after purchasing an additional 186 shares during the period. Napa Wealth Management grew its stake in shares of Williams Companies by 2.7% in the fourth quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock worth $389,000 after purchasing an additional 190 shares during the last quarter. Finally, Tower Wealth Partners Inc. grew its stake in shares of Williams Companies by 4.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock worth $248,000 after purchasing an additional 191 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $62.69 on Friday. The company's fifty day moving average price is $59.39 and its 200-day moving average price is $57.64. The stock has a market cap of $76.45 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 4.63 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 12 month low of $40.41 and a 12 month high of $63.18.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Williams Companies's quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, June 13th. Williams Companies's payout ratio is 106.95%.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a report on Friday, May 16th. CIBC raised their price target on Williams Companies from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Barclays lifted their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Finally, Scotiabank upped their price objective on shares of Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Williams Companies presently has a consensus rating of "Hold" and an average price target of $61.25.

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.

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