Lake Street Advisors Group LLC Lowers Position in The Williams Companies, Inc. (NYSE:WMB)

Lake Street Advisors Group LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,613 shares of the pipeline company’s stock after selling 913 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Williams Companies were worth $4,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WMB. Western Pacific Wealth Management LP bought a new position in shares of Williams Companies in the fourth quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in Williams Companies in the 1st quarter worth approximately $27,000. Fairman Group LLC bought a new position in shares of Williams Companies in the 4th quarter worth $31,000. SouthState Corp purchased a new stake in shares of Williams Companies during the 2nd quarter valued at $31,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Williams Companies during the 1st quarter worth $46,000. 86.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMB has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Barclays raised their price objective on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Morgan Stanley upped their target price on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. 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. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average price target of $42.83.

Williams Companies Price Performance

Shares of Williams Companies stock opened at $44.25 on Friday. The company’s fifty day simple moving average is $43.56 and its two-hundred day simple moving average is $40.63. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.81. The firm has a market cap of $53.93 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 6.11 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the business posted $0.42 earnings per share. Williams Companies’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The firm 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 dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.29%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Williams Companies 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.