Wealth Alliance Has $1.90 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Wealth Alliance decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 13.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,723 shares of the pipeline company’s stock after selling 7,125 shares during the period. Wealth Alliance’s holdings in Williams Companies were worth $1,901,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WMB. Norges Bank acquired a new position in shares of Williams Companies in the 4th quarter valued at about $306,417,000. Blackstone Inc. increased its holdings in Williams Companies by 109.1% in the first quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after buying an additional 3,373,800 shares during the last quarter. Wellington Management Group LLP increased its holdings in Williams Companies by 21.3% in the fourth quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after buying an additional 2,039,703 shares during the last quarter. Jennison Associates LLC grew its holdings in Williams Companies by 40.1% during the first quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock valued at $224,203,000 after purchasing an additional 1,647,469 shares during the last quarter. Finally, First Financial Bankshares Inc acquired a new position in Williams Companies during the fourth quarter valued at approximately $56,223,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Williams Companies stock opened at $45.53 on Wednesday. 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 stock has a fifty day moving average price of $43.91 and a two-hundred day moving average price of $41.20. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $45.81. The firm has a market capitalization of $55.49 billion, a P/E ratio of 19.13, a P/E/G ratio of 6.24 and a beta of 1.05.

Williams Companies (NYSE:WMB) last released its quarterly earnings data 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. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The firm 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 company posted $0.42 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.17%. Williams Companies’s dividend payout ratio is 79.83%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMB. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Truist Financial increased their price target on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Scotiabank increased their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Argus raised 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.