Thoroughbred Financial Services LLC Takes $786,000 Position in The Williams Companies, Inc. (NYSE:WMB)

Thoroughbred Financial Services LLC acquired a new position in The Williams Companies, Inc. (NYSE:WMB - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,512 shares of the pipeline company's stock, valued at approximately $786,000.Get Williams Companies alerts:Top Oil Stocks Primed to Surge Ahead of Buffett's Occidental MoveSeveral other large investors also recently added to or reduced their stakes in WMB. Western Pacific Wealth Management LP purchased a new stake in shares of Williams Companies in the 4th quarter valued at about $25,000. Rise Advisors LLC bought a new position in shares of Williams Companies in the first quarter worth approximately $27,000. Fairman Group LLC purchased a new stake in Williams Companies in the fourth quarter valued at approximately $31,000. SouthState Corp bought a new stake in Williams Companies during the second quarter valued at approximately $31,000. Finally, GHP Investment Advisors Inc. purchased a new position in Williams Companies in the 2nd quarter worth approximately $34,000. Institutional investors own 86.44% of the company's stock. Analysts Set New Price TargetsWMB has been the subject of a number of research analyst reports. Argus raised shares of Williams Companies from a "hold" rating to a "buy" rating in a report on Thursday, June 20th. Scotiabank lifted their price target on Williams Companies from $43.00 to $48.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 8th. StockNews.com cut Williams Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Truist Financial raised their price objective on Williams Companies from $40.00 to $42.00 and gave the company a "hold" rating in a report on Tuesday, June 18th. Finally, Seaport Res Ptn lowered Williams Companies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of "Hold" and a consensus price target of $42.83.Top 3 Stocks to Buy Now as Energy Sector Hits Buy ZoneGet Our Latest Report on WMBWilliams Companies Stock Down 0.1 %Shares of Williams Companies stock opened at $45.03 on Monday. The company's 50 day moving average price is $43.79 and its 200-day moving average price is $41.07. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $45.81. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The stock has a market capitalization of $54.88 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 6.19 and a beta of 1.05. Are defensive sectors ready to outshine growth in 2024?Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company's revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. Equities research analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current year. Williams Companies Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies's payout ratio is 79.83%. About Williams Companies (Free Report)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.Featured ArticlesFive stocks we like better than Williams CompaniesHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsSymbotic’s Double-Bagger Potential as It Hits a Key InflectionWhat are earnings reports?High Dividend Yields Make These 2 Shipping Stocks Stand OutWhat Investors Must Know About Over-the-Counter (OTC) StocksCan Celsius Stock Rebound? Analysts See 74% Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ "Doomsday indicator” flashing for the first time since the Great Depression... (From Behind the Markets) (Ad)Should you invest $1,000 in Williams Companies right now?Before you consider Williams Companies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Williams Companies wasn't on the list.While Williams Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here