Phraction Management LLC Reduces Position in The Williams Companies, Inc. (NYSE:WMB)

Phraction Management LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 24.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,268 shares of the pipeline company's stock after selling 38,250 shares during the period. Williams Companies makes up 1.8% of Phraction Management LLC's investment portfolio, making the stock its 20th biggest holding. Phraction Management LLC's holdings in Williams Companies were worth $5,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Resonant Capital Advisors LLC purchased a new position in Williams Companies during the second quarter valued at approximately $217,000. Crestwood Advisors Group LLC boosted its holdings in Williams Companies by 2.0% in the 2nd quarter. Crestwood Advisors Group LLC now owns 231,108 shares of the pipeline company's stock valued at $9,822,000 after purchasing an additional 4,615 shares during the period. FFT Wealth Management LLC grew its position in shares of Williams Companies by 1.1% during the 2nd quarter. FFT Wealth Management LLC now owns 103,453 shares of the pipeline company's stock valued at $4,397,000 after purchasing an additional 1,148 shares in the last quarter. Fielder Capital Group LLC bought a new position in shares of Williams Companies in the second quarter worth $216,000. Finally, Summit Financial LLC purchased a new stake in shares of Williams Companies in the second quarter worth $314,000. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Up 0.6 %

WMB stock traded up $0.28 during midday trading on Monday, hitting $45.77. The stock had a trading volume of 7,265,100 shares, compared to its average volume of 6,437,417. The business has a 50-day moving average of $43.32 and a two-hundred day moving average of $40.35. 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 $55.78 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 6.29 and a beta of 1.05. The Williams Companies, Inc. has a 52-week low of $32.49 and a 52-week high of $45.81.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Williams Companies's quarterly revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.15%. The ex-dividend date is Friday, September 13th. Williams Companies's dividend payout ratio (DPR) is 79.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. 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 note on Tuesday, June 18th. Morgan Stanley increased their target price on Williams Companies from $45.00 to $48.00 and gave the company an "equal weight" rating in a report on Monday, June 10th. Scotiabank lifted their price target on Williams Companies from $43.00 to $48.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their price objective on Williams Companies from $44.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Williams Companies from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $42.83.

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.