The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC decreased its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 15.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,072 shares of the pipeline company's stock after selling 6,935 shares during the quarter. Verdence Capital Advisors LLC's holdings in Williams Companies were worth $1,576,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WMB. Western Pacific Wealth Management LP acquired a new position in Williams Companies during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Williams Companies in the first quarter valued at about $27,000. Fairman Group LLC bought a new position in shares of Williams Companies during the fourth quarter worth about $31,000. Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies in the first quarter worth approximately $46,000. Finally, EntryPoint Capital LLC acquired a new stake in Williams Companies during the 1st quarter valued at approximately $50,000. Institutional investors own 86.44% of the company's stock.

Analyst Ratings Changes

WMB has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of Williams Companies from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. CIBC increased their target price on shares of Williams Companies from $38.00 to $39.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 8th. Stifel Nicolaus raised their target price on Williams Companies from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Truist Financial upped their target price on Williams Companies from $40.00 to $42.00 and gave the stock a "hold" rating in a research report on Tuesday, June 18th. Finally, US Capital Advisors lowered shares of Williams Companies from an "overweight" rating to a "hold" rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $42.83.

Williams Companies Stock Performance

Shares of WMB traded down $0.11 during mid-day trading on Tuesday, hitting $45.38. The stock had a trading volume of 4,070,721 shares, compared to its average volume of 6,464,693. 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 firm has a market cap of $55.31 billion, a P/E ratio of 19.07, a PEG ratio of 6.16 and a beta of 1.05. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.79. The business has a fifty day moving average price of $43.05 and a 200-day moving average price of $40.02.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the prior year, the company posted $0.42 EPS. Williams Companies's revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently disclosed 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. This represents a $1.90 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies's dividend payout ratio (DPR) is 79.83%.

Williams Companies Company 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.