The Williams Companies, Inc. (NYSE:WMB) Stock Position Decreased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,236 shares of the pipeline company’s stock after selling 1,094 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Williams Companies were worth $4,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Williams Companies in the first quarter valued at approximately $27,000. Fairman Group LLC bought a new stake in Williams Companies in the fourth quarter worth $31,000. SouthState Corp acquired a new position in Williams Companies during the second quarter worth $31,000. GHP Investment Advisors Inc. bought a new position in Williams Companies during the second quarter valued at about $34,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Williams Companies in the first quarter worth about $46,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 1.1 %

Shares of WMB stock opened at $45.38 on Friday. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.82. 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 $44.06 and a 200 day moving average price of $41.35. The stock has a market cap of $55.31 billion, a P/E ratio of 19.07, a price-to-earnings-growth 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 EPS for the quarter, topping 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 company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.19%. Williams Companies’s payout ratio is presently 79.83%.

Analyst Ratings Changes

A number of research analysts have recently commented on WMB shares. Barclays increased their price objective on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Morgan Stanley boosted their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, Royal Bank of Canada raised their price target on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.50.

Williams Companies 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.