Hennion & Walsh Asset Management Inc. Cuts Stake in The Williams Companies, Inc. (NYSE:WMB)

Hennion & Walsh Asset Management Inc. trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,937 shares of the pipeline company’s stock after selling 3,543 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Williams Companies were worth $2,462,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Accordant Advisory Group Inc raised its holdings in shares of Williams Companies by 1.6% during the 2nd quarter. Accordant Advisory Group Inc now owns 34,025 shares of the pipeline company’s stock worth $1,446,000 after acquiring an additional 532 shares in the last quarter. TCW Group Inc. boosted its holdings in shares of Williams Companies by 3.9% in the second quarter. TCW Group Inc. now owns 17,013 shares of the pipeline company’s stock valued at $723,000 after purchasing an additional 646 shares during the period. Sumitomo Life Insurance Co. grew its stake in Williams Companies by 88.5% in the second quarter. Sumitomo Life Insurance Co. now owns 54,498 shares of the pipeline company’s stock worth $2,316,000 after purchasing an additional 25,594 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in shares of Williams Companies by 0.5% in the second quarter. CFM Wealth Partners LLC now owns 224,842 shares of the pipeline company’s stock valued at $9,556,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Everpar Advisors LLC lifted its stake in Williams Companies by 11.1% in the second quarter. Everpar Advisors LLC now owns 22,008 shares of the pipeline company’s stock worth $935,000 after acquiring an additional 2,190 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial boosted their price target on Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Stifel Nicolaus raised their price objective on Williams Companies from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. 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 company’s stock. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average price target of $42.58.

Williams Companies Price Performance

NYSE WMB opened at $45.02 on Tuesday. The company has a market cap of $54.87 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 6.09 and a beta of 1.05. 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 stock’s fifty day moving average price is $42.71 and its 200 day moving average price is $39.65. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.10.

Williams Companies (NYSE:WMB) last posted 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 return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.92 earnings per share for the current year.

Williams Companies Announces Dividend

The 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 is Friday, September 13th. Williams Companies’s dividend payout ratio is presently 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.