Semmax Financial Advisors Inc. Sells 1,945 Shares of The Williams Companies, Inc. (NYSE:WMB)

Semmax Financial Advisors Inc. trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 54.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,609 shares of the pipeline company’s stock after selling 1,945 shares during the period. Semmax Financial Advisors Inc.’s holdings in Williams Companies were worth $64,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its position in Williams Companies by 5.9% in the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after purchasing an additional 1,175,628 shares during the period. Wellington Management Group LLP raised its position in Williams Companies by 21.3% in the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after purchasing an additional 2,039,703 shares during the period. Norges Bank purchased a new position in shares of Williams Companies in the fourth quarter valued at about $306,417,000. Kayne Anderson Capital Advisors LP increased its position in shares of Williams Companies by 13.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after acquiring an additional 1,010,658 shares during the period. Finally, Raymond James & Associates increased its position in shares of Williams Companies by 0.7% in the first quarter. Raymond James & Associates now owns 8,421,205 shares of the pipeline company’s stock valued at $328,174,000 after acquiring an additional 55,248 shares during the period. 86.44% of the stock is owned by institutional investors.

Insider Activity at Williams Companies

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WMB shares. Truist Financial boosted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Scotiabank boosted their price target on shares of Williams Companies from $40.00 to $43.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. CIBC boosted their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Morgan Stanley boosted their price target on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.77.

Williams Companies Stock Up 0.5 %

Shares of NYSE WMB traded up $0.20 during midday trading on Thursday, hitting $43.14. The stock had a trading volume of 4,553,976 shares, compared to its average volume of 6,577,633. The business’s 50 day moving average is $42.08 and its 200-day moving average is $38.81. The company has a market cap of $52.58 billion, a P/E ratio of 18.04, a PEG ratio of 6.74 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.10. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, analysts predict that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.40%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

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.