The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Lowered by Financial Advocates Investment Management

Financial Advocates Investment Management lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 14.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,610 shares of the pipeline company’s stock after selling 2,346 shares during the quarter. Financial Advocates Investment Management’s holdings in Williams Companies were worth $578,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Western Pacific Wealth Management LP acquired a new stake in Williams Companies in the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new position in Williams Companies in the first quarter worth approximately $27,000. Fairman Group LLC bought a new stake in Williams Companies during the fourth quarter worth approximately $31,000. Alaska Permanent Fund Corp bought a new stake in Williams Companies during the first quarter worth approximately $46,000. Finally, EntryPoint Capital LLC bought a new stake in Williams Companies during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

WMB has been the subject of several research reports. Barclays increased their price objective on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Stifel Nicolaus raised their target price on Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley increased their price objective 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Williams Companies has a consensus rating of “Hold” and an average target price of $42.83.

Williams Companies Price Performance

Shares of NYSE:WMB traded up $0.10 on Thursday, hitting $45.03. The company’s stock had a trading volume of 1,038,991 shares, compared to its average volume of 6,414,425. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The company has a market capitalization of $54.88 billion, a PE ratio of 18.88, a PEG ratio of 6.25 and a beta of 1.05. The company has a 50-day simple moving average of $43.13 and a 200 day simple moving average of $40.10. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.79.

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

Williams Companies Dividend Announcement

The company 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 4.22%. The ex-dividend date is Friday, September 13th. Williams Companies’s payout ratio 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.