Edgestream Partners L.P. Sells 56,858 Shares of The Williams Companies, Inc. (NYSE:WMB)

Edgestream Partners L.P. lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 47.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,420 shares of the pipeline company’s stock after selling 56,858 shares during the period. Edgestream Partners L.P.’s holdings in Williams Companies were worth $2,695,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMB. Clearbridge Investments LLC raised its holdings in shares of Williams Companies by 5.9% during the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after purchasing an additional 1,175,628 shares during the period. Tortoise Capital Advisors L.L.C. grew its stake in shares of Williams Companies by 1.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock valued at $538,482,000 after buying an additional 144,713 shares during the period. Wellington Management Group LLP increased its position in Williams Companies by 21.3% in the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock valued at $403,801,000 after buying an additional 2,039,703 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after buying an additional 311,530 shares during the period. Finally, Norges Bank bought a new position in Williams Companies in the fourth quarter worth approximately $306,417,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Performance

WMB stock opened at $45.18 on Thursday. The business has a 50 day moving average of $43.96 and a 200-day moving average of $41.23. The firm has a market cap of $55.06 billion, a PE ratio of 18.98, a P/E/G ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.82. 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 announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The firm had revenue of $2.34 billion during 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%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 yield of 4.21%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report 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. Truist Financial boosted their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Royal Bank of Canada upped their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.50.

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.