Mount Yale Investment Advisors LLC Reduces Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Mount Yale Investment Advisors LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,763 shares of the pipeline company’s stock after selling 4,316 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Williams Companies were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Williams Companies by 15.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after purchasing an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Williams Companies by 145.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock valued at $3,716,000 after buying an additional 56,509 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Williams Companies by 24.5% in the fourth quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after buying an additional 518,009 shares in the last quarter. Chickasaw Capital Management LLC boosted its position in shares of Williams Companies by 3.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock valued at $64,091,000 after acquiring an additional 56,013 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in Williams Companies during the first quarter valued at approximately $2,364,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 1.1 %

Shares of NYSE WMB opened at $45.38 on Monday. The stock has a market capitalization of $55.31 billion, a P/E ratio of 19.07, a PEG ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.82. The firm’s 50 day simple moving average is $44.06 and its two-hundred day simple moving average is $41.38. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.42 EPS. As a group, analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced 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%.

Wall Street Analyst Weigh In

WMB has been the topic of several recent analyst reports. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Barclays lifted their price objective on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 19th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Truist Financial lifted their price target on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Finally, StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.50.

About Williams Companies

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.