The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Decreased by Centennial Bank AR

Centennial Bank AR lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 32.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,900 shares of the pipeline company’s stock after selling 895 shares during the period. Centennial Bank AR’s holdings in Williams Companies were worth $81,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $325,000. Next Capital Management LLC bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $221,000. EP Wealth Advisors LLC grew its position in shares of Williams Companies by 12.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 11,607 shares of the pipeline company’s stock valued at $493,000 after buying an additional 1,267 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $42,000. Finally, Quarry LP bought a new stake in shares of Williams Companies during the 2nd quarter valued at about $35,000. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

WMB has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Wells Fargo & Company upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Barclays upped their target price on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Finally, Truist Financial upped 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and a consensus price target of $43.50.

Williams Companies Stock Up 1.6 %

Shares of NYSE:WMB opened at $46.36 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The company has a market cap of $56.50 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 6.20 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $46.48. The firm has a 50 day simple moving average of $44.38 and a 200 day simple moving average of $41.83.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. As a group, research 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 4.10%. Williams Companies’s dividend payout ratio is presently 79.83%.

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.