The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Estabrook Capital Management

Estabrook Capital Management trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,563 shares of the pipeline company’s stock after selling 1,430 shares during the quarter. Williams Companies comprises 1.3% of Estabrook Capital Management’s holdings, making the stock its 22nd biggest position. Estabrook Capital Management’s holdings in Williams Companies were worth $8,141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in WMB. Gabelli Funds LLC raised its stake in shares of Williams Companies by 7.4% in the 2nd quarter. Gabelli Funds LLC now owns 211,300 shares of the pipeline company’s stock worth $8,980,000 after buying an additional 14,500 shares in the last quarter. Fidelis Capital Partners LLC grew its holdings in Williams Companies by 2.5% during the second quarter. Fidelis Capital Partners LLC now owns 26,237 shares of the pipeline company’s stock worth $1,128,000 after acquiring an additional 632 shares during the period. Frank Rimerman Advisors LLC raised its position in Williams Companies by 17,528.1% in the second quarter. Frank Rimerman Advisors LLC now owns 16,923 shares of the pipeline company’s stock worth $719,000 after acquiring an additional 16,827 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Williams Companies by 4.3% in the 2nd quarter. ProShare Advisors LLC now owns 360,653 shares of the pipeline company’s stock valued at $15,328,000 after acquiring an additional 15,022 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in shares of Williams Companies by 9.4% during the 2nd quarter. Profund Advisors LLC now owns 65,135 shares of the pipeline company’s stock valued at $2,768,000 after purchasing an additional 5,592 shares in the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on WMB. Royal Bank of Canada boosted their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Truist Financial increased their price objective on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Morgan Stanley boosted their target price on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Finally, Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus target price of $43.50.

Williams Companies Trading Up 1.1 %

NYSE:WMB opened at $45.38 on Friday. The stock has a market cap of $55.31 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.82. 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 50-day moving average is $44.06 and its two-hundred day moving average is $41.35.

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 analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

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.