Mackenzie Financial Corp Trims Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Mackenzie Financial Corp decreased its position in The Williams Companies, Inc. (NYSE:WMB) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,921,492 shares of the pipeline company’s stock after selling 236,349 shares during the period. Mackenzie Financial Corp’s holdings in Williams Companies were worth $294,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMB. Rise Advisors LLC purchased a new position in Williams Companies in the first quarter worth approximately $27,000. Fairman Group LLC purchased a new stake in Williams Companies in the fourth quarter valued at $31,000. SouthState Corp acquired a new position in shares of Williams Companies in the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. purchased a new position in shares of Williams Companies during the 2nd quarter worth $34,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Williams Companies during the 1st quarter worth about $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB stock opened at $44.74 on Friday. The company has a market cap of $54.53 billion, a P/E ratio of 18.80, a PEG ratio of 6.32 and a beta of 1.05. The firm has a fifty day moving average price of $44.26 and a 200 day moving average price of $41.55. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $46.48.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WMB. Truist Financial increased their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Barclays upped their price target 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. UBS Group lifted their price objective on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.