The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Xponance Inc.

Xponance Inc. decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,729 shares of the pipeline company’s stock after selling 7,037 shares during the quarter. Xponance Inc.’s holdings in Williams Companies were worth $7,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMB. Rise Advisors LLC acquired a new stake in shares of Williams Companies in the first quarter valued at $27,000. Fairman Group LLC acquired a new stake in shares of Williams Companies in the fourth quarter valued at $31,000. SouthState Corp acquired a new stake in shares of Williams Companies in the second quarter valued at $31,000. GHP Investment Advisors Inc. acquired a new stake in shares of Williams Companies in the second quarter valued at $34,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Williams Companies in the first quarter valued at $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Up 1.9 %

Shares of NYSE WMB opened at $46.22 on Tuesday. The business has a 50-day moving average of $44.13 and a two-hundred day moving average of $41.45. 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 Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $46.28. The company has a market capitalization of $56.33 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its earnings results 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 return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. On average, analysts forecast that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Truist Financial lifted their target price on 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 target price on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Scotiabank lifted 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. Finally, Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $46.00 in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.