Stock Yards Bank & Trust Co. Sells 11,102 Shares of The Williams Companies, Inc. (NYSE:WMB)

Stock Yards Bank & Trust Co. cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,096 shares of the pipeline company’s stock after selling 11,102 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Williams Companies were worth $3,149,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of Williams Companies by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,016,985 shares of the pipeline company’s stock worth $43,222,000 after purchasing an additional 56,000 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Williams Companies by 78.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,994 shares of the pipeline company’s stock worth $552,000 after buying an additional 5,721 shares in the last quarter. One Capital Management LLC bought a new stake in Williams Companies during the 2nd quarter worth about $596,000. Dimensional Fund Advisors LP increased its position in Williams Companies by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after acquiring an additional 311,530 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Williams Companies by 207.9% in the second quarter. Brown Brothers Harriman & Co. now owns 22,264 shares of the pipeline company’s stock worth $946,000 after acquiring an additional 15,033 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $45.46 on Tuesday. The stock’s fifty day simple moving average is $43.85 and its 200 day simple moving average is $41.13. 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 has a market capitalization of $55.40 billion, a PE ratio of 19.10, a PEG ratio of 6.19 and a beta of 1.05. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.81.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Williams Companies’s revenue was down 5.9% compared to the same quarter last year. On average, research analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current 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 issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Analysts Set New Price Targets

Several analysts have recently commented on WMB shares. Truist Financial increased their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Morgan Stanley lifted their target price on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. Argus raised Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus price target of $42.83.

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.