Cypress Wealth Services LLC Buys 512 Shares of The Williams Companies, Inc. (NYSE:WMB)

Cypress Wealth Services LLC raised its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 6.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,094 shares of the pipeline company’s stock after acquiring an additional 512 shares during the period. Cypress Wealth Services LLC’s holdings in Williams Companies were worth $386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Western Pacific Wealth Management LP bought a new position in Williams Companies during the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in Williams Companies during the 4th quarter valued at about $26,000. Rise Advisors LLC bought a new position in Williams Companies during the 1st quarter valued at about $27,000. Fairman Group LLC bought a new position in Williams Companies during the 4th quarter valued at about $31,000. Finally, Alaska Permanent Fund Corp bought a new position in shares of Williams Companies in the 1st quarter worth approximately $46,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

WMB traded down $0.60 during trading on Friday, reaching $43.26. 6,048,566 shares of the company traded hands, compared to its average volume of 6,628,597. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.48 and a current ratio of 0.45. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.10. The firm has a fifty day simple moving average of $42.40 and a 200 day simple moving average of $39.24. The company has a market cap of $52.72 billion, a P/E ratio of 18.18, a PEG ratio of 6.98 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.78 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. Investors of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WMB shares. Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Truist Financial increased their price objective 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. CIBC increased their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Stifel Nicolaus increased their price objective on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.50.

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.