The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Greenline Partners LLC

Greenline Partners LLC cut its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 296,793 shares of the pipeline company’s stock after selling 36,666 shares during the period. Williams Companies comprises approximately 1.9% of Greenline Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Greenline Partners LLC’s holdings in Williams Companies were worth $12,581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its holdings in Williams Companies by 5.9% in the first quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock valued at $817,736,000 after buying an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in Williams Companies by 1.2% in the second 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 in 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 valued at $403,801,000 after buying an additional 2,039,703 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Williams Companies by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after buying an additional 311,530 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its holdings in Williams Companies by 13.4% in the first quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after buying an additional 1,010,658 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Performance

WMB opened at $45.38 on Friday. The firm has a market capitalization of $55.31 billion, a PE ratio of 19.07, a PEG ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $45.82. The firm’s 50-day moving average price is $44.06 and its 200 day moving average price is $41.35. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. Williams Companies’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, sell-side analysts expect 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 given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.19%. Williams Companies’s payout ratio is presently 79.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMB. UBS Group lifted their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.50.

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.