Wedbush Securities Inc. Has $2.30 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Wedbush Securities Inc. lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,071 shares of the pipeline company’s stock after selling 2,211 shares during the period. Wedbush Securities Inc.’s holdings in Williams Companies were worth $2,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMB. Checchi Capital Advisers LLC grew its position in shares of Williams Companies by 1.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 22,683 shares of the pipeline company’s stock worth $884,000 after buying an additional 274 shares during the period. Everett Harris & Co. CA grew its holdings in Williams Companies by 1.8% during the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after acquiring an additional 275 shares during the period. Schulhoff & Co. Inc. raised its position in shares of Williams Companies by 1.6% during the 1st quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock valued at $697,000 after acquiring an additional 276 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in shares of Williams Companies by 3.3% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 8,770 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 280 shares during the period. Finally, L.M. Kohn & Company boosted its position in shares of Williams Companies by 4.9% in the 1st quarter. L.M. Kohn & Company now owns 6,116 shares of the pipeline company’s stock worth $238,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barclays raised their price objective on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Morgan Stanley upped their price target on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Finally, Truist Financial raised their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies currently has an average rating of “Hold” and an average target price of $42.83.

Williams Companies Price Performance

NYSE:WMB opened at $44.54 on Tuesday. The firm’s fifty day moving average price is $43.60 and its two-hundred day moving average price is $40.79. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The company has a market cap of $54.28 billion, a P/E ratio of 18.71, a P/E/G ratio of 6.08 and a beta of 1.05. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.81.

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

Williams Companies Dividend Announcement

The firm also recently declared 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. This represents a $1.90 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio 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.