Qsemble Capital Management LP Invests $758,000 in The Williams Companies, Inc. (NYSE:WMB)

Qsemble Capital Management LP acquired a new stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,758 shares of the pipeline company's stock, valued at approximately $758,000.

Several other hedge funds also recently made changes to their positions in the business. Morgan Stanley raised its stake in Williams Companies by 3.9% during the 3rd quarter. Morgan Stanley now owns 19,086,234 shares of the pipeline company's stock valued at $643,015,000 after purchasing an additional 712,048 shares during the period. Northern Trust Corp raised its position in Williams Companies by 8.1% during the third quarter. Northern Trust Corp now owns 14,455,063 shares of the pipeline company's stock valued at $486,991,000 after buying an additional 1,089,150 shares during the period. Federated Hermes Inc. lifted its stake in Williams Companies by 7.3% in the 3rd quarter. Federated Hermes Inc. now owns 13,628,627 shares of the pipeline company's stock worth $459,148,000 after acquiring an additional 921,537 shares in the last quarter. Wellington Management Group LLP boosted its position in Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company's stock worth $321,867,000 after acquiring an additional 2,482,331 shares during the period. Finally, Bahl & Gaynor Inc. grew its stake in Williams Companies by 7.2% during the 4th quarter. Bahl & Gaynor Inc. now owns 7,018,863 shares of the pipeline company's stock valued at $244,467,000 after acquiring an additional 473,712 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Activity at Williams Companies

In related news, SVP Debbie L. Pickle sold 38,200 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now directly owns 60,410 shares in the company, valued at approximately $2,392,840.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Price Performance

WMB traded up $0.06 during midday trading on Friday, reaching $39.64. 4,673,741 shares of the company's stock were exchanged, compared to its average volume of 6,500,967. The Williams Companies, Inc. has a one year low of $28.27 and a one year high of $39.99. The firm has a market capitalization of $48.31 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 6.12 and a beta of 1.05. The business has a 50-day simple moving average of $38.23 and a two-hundred day simple moving average of $36.15. The company has a quick ratio of 0.73, a current ratio of 0.52 and a debt-to-equity ratio of 1.62.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.49 by $0.10. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the firm earned $0.56 EPS. Williams Companies's quarterly revenue was down 10.1% on a year-over-year basis. As a group, research analysts predict that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, June 7th. Williams Companies's dividend payout ratio (DPR) is currently 79.83%.

Wall Street Analyst Weigh In

Several analysts recently commented on WMB shares. Truist Financial raised their price target on shares of Williams Companies from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, March 25th. CIBC lifted their target price on shares of Williams Companies from $38.00 to $39.00 and gave the company a "neutral" rating in a research note on Wednesday. Wolfe Research reaffirmed an "underperform" rating and issued a $34.00 price target on shares of Williams Companies in a research note on Thursday, April 18th. Barclays lifted their price objective on Williams Companies from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Finally, US Capital Advisors lowered Williams Companies from an "overweight" rating to a "hold" rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Williams Companies has a consensus rating of "Hold" and a consensus price target of $39.42.

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.