The Williams Companies, Inc. (NYSE:WMB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 22.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,360 shares of the pipeline company’s stock after selling 47,001 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Williams Companies were worth $6,986,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in 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 acquiring an additional 14,672 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock valued at $3,716,000 after acquiring an additional 56,509 shares during the last quarter. Chickasaw Capital Management LLC boosted its stake in Williams Companies by 3.5% during the 1st 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 last quarter. Mediolanum International Funds Ltd bought a new position in Williams Companies during the 1st quarter valued at $2,364,000. Finally, Tortoise Index Solutions LLC boosted its stake in Williams Companies by 1.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 1,105,106 shares of the pipeline company’s stock valued at $38,491,000 after acquiring an additional 20,896 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WMB. Royal Bank of Canada increased their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays raised their price target on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Morgan Stanley raised their price target on shares of 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 shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.50.

Williams Companies Stock Up 1.1 %

Williams Companies stock opened at $45.65 on Tuesday. The stock has a market cap of $55.64 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 6.20 and a beta of 1.05. 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 company’s 50-day moving average price is $44.33 and its two-hundred day moving average price is $41.76. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $46.48.

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 firm had revenue of $2.34 billion for 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%. Williams Companies’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. On average, 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 was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.16%. Williams Companies’s payout ratio is 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.