OneAscent Wealth Management LLC Reduces Holdings in The Williams Companies, Inc. (NYSE:WMB)

OneAscent Wealth Management LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,190 shares of the pipeline company’s stock after selling 1,868 shares during the period. OneAscent Wealth Management LLC’s holdings in Williams Companies were worth $280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Williams Companies in the 4th quarter worth about $306,417,000. ETF Store Inc. lifted its position in Williams Companies by 3.3% during the 4th quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock valued at $991,000 after acquiring an additional 899 shares during the period. Eagle Asset Management Inc. lifted its position in Williams Companies by 24.5% during the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock valued at $91,820,000 after acquiring an additional 518,009 shares during the period. Rheos Capital Works Inc. lifted its position in Williams Companies by 59.0% during the 4th quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after acquiring an additional 245,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Williams Companies by 6.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,350,514 shares of the pipeline company’s stock valued at $49,037,000 after acquiring an additional 77,524 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Performance

Shares of WMB stock opened at $42.50 on Friday. The company has a 50 day moving average price of $40.60 and a 200-day moving average price of $37.57. The Williams Companies, Inc. has a 52 week low of $31.98 and a 52 week high of $43.22. The firm has a market capitalization of $51.80 billion, a PE ratio of 17.86, a P/E/G ratio of 6.67 and a beta of 1.05. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62.

Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. As a group, equities research analysts expect that The Williams Companies, Inc. will post 1.85 earnings per share for the current year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $0.475 per share. The ex-dividend date was Friday, June 7th. This represents a $1.90 annualized dividend and a yield of 4.47%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Insider Activity at Williams Companies

In related news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the completion of the sale, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WMB. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Royal Bank of Canada lifted their target price on shares of Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Barclays lifted their target price on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Finally, Stifel Nicolaus lifted their target price on shares of Williams Companies from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.42.

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.