Annandale Capital LLC Decreases Stake in The Williams Companies, Inc. (NYSE:WMB)

Annandale Capital LLC lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 21.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,418 shares of the pipeline company’s stock after selling 1,500 shares during the quarter. Annandale Capital LLC’s holdings in Williams Companies were worth $230,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Williams Companies during the first quarter worth about $27,000. SouthState Corp purchased a new stake in shares of Williams Companies during the 2nd quarter worth approximately $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the 2nd quarter worth approximately $34,000. Fairman Group LLC purchased a new position in Williams Companies in the 4th quarter valued at approximately $31,000. Finally, Alaska Permanent Fund Corp purchased a new position in Williams Companies in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 0.9 %

Shares of WMB opened at $45.16 on Friday. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $46.48. The company has a market capitalization of $55.04 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 6.32 and a beta of 1.05. The stock has a fifty day moving average of $44.31 and a two-hundred day moving average of $41.67. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating 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 firm posted $0.42 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.21%. Williams Companies’s dividend payout ratio is presently 79.83%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WMB. Scotiabank upped their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. UBS Group raised their target price on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Barclays upped their price target on shares of Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Finally, Truist Financial raised their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average 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.