The Williams Companies, Inc. (NYSE:WMB) is Aventail Capital Group LP’s 8th Largest Position

Posted by Defense World Staff on Jun 14th, 2023

Aventail Capital Group LP grew its holdings in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 78.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,245,944 shares of the pipeline company’s stock after purchasing an additional 545,944 shares during the period. Williams Companies makes up approximately 4.9% of Aventail Capital Group LP’s holdings, making the stock its 8th largest position. Aventail Capital Group LP owned approximately 0.10% of Williams Companies worth $40,992,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Intact Investment Management Inc. raised its holdings in Williams Companies by 7.7% in the 4th quarter. Intact Investment Management Inc. now owns 107,600 shares of the pipeline company’s stock worth $3,540,000 after acquiring an additional 7,700 shares during the last quarter. Centiva Capital LP bought a new stake in Williams Companies in the 4th quarter worth approximately $1,040,000. Axxcess Wealth Management LLC grew its position in shares of Williams Companies by 205.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 60,430 shares of the pipeline company’s stock valued at $1,988,000 after acquiring an additional 40,658 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Williams Companies by 10.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,221,931 shares of the pipeline company’s stock valued at $40,202,000 after acquiring an additional 114,600 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Williams Companies during the 4th quarter valued at $97,000. 85.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMB. Wells Fargo & Company dropped their price objective on Williams Companies from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 22nd. Argus cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Morgan Stanley lowered their price objective on Williams Companies from $41.00 to $39.00 in a research note on Tuesday, April 25th. JPMorgan Chase & Co. lowered their target price on shares of Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. Finally, Raymond James lowered Williams Companies from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $40.00 to $36.00 in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.42.

Williams Companies Stock Down 0.3 %

Shares of NYSE WMB opened at $30.48 on Wednesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.63 and a current ratio of 0.69. The firm has a market capitalization of $37.13 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 4.40 and a beta of 1.16. The stock has a 50 day moving average price of $29.72 and a 200 day moving average price of $30.93. The Williams Companies, Inc. has a 52-week low of $27.80 and a 52-week high of $35.79.

Williams Companies (NYSE:WMB – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The pipeline company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.65 billion. Williams Companies had a net margin of 22.53% and a return on equity of 17.24%. Williams Companies’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Sell-side analysts expect that The Williams Companies, Inc. will post 1.98 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 26th. Investors of record on Monday, June 12th will be paid a $0.4475 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Friday, June 9th. Williams Companies’s dividend payout ratio (DPR) is 84.04%.

Williams Companies Company Profile

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The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.