The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. decreased its stake in The Williams Companies, Inc. (NYSE:WMB) by 30.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,484 shares of the pipeline company’s stock after selling 4,200 shares during the quarter. Wrapmanager Inc.’s holdings in Williams Companies were worth $403,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearbridge Investments LLC increased its position in shares of Williams Companies by 5.9% during the first 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 in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after purchasing an additional 144,713 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Williams Companies by 21.3% during the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares in the last quarter. Norges Bank acquired a new stake in shares of Williams Companies in the fourth quarter valued at about $306,417,000. Finally, Kayne Anderson Capital Advisors LP lifted its stake 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 worth $332,828,000 after buying an additional 1,010,658 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Trading Up 0.9 %

Shares of WMB stock opened at $45.03 on Friday. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.81. The company has a 50 day moving average price of $43.79 and a 200 day moving average price of $41.03. The stock has a market capitalization of $54.88 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 6.19 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities research analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business 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 $0.475 dividend. 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 dividend payout ratio is currently 79.83%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WMB shares. Royal Bank of Canada upped their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Barclays increased their price target on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Truist Financial lifted their price target 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.83.

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.