The Williams Companies, Inc. (NYSE:WMB) Stake Lowered by Del Sette Capital Management LLC

Del Sette Capital Management LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 52.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,258 shares of the pipeline company's stock after selling 58,503 shares during the quarter. Williams Companies accounts for about 1.8% of Del Sette Capital Management LLC's investment portfolio, making the stock its 18th biggest position. Del Sette Capital Management LLC's holdings in Williams Companies were worth $2,221,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of WMB. Consolidated Planning Corp bought a new stake in shares of Williams Companies in the 2nd quarter worth about $4,050,000. Larson Financial Group LLC raised its stake in Williams Companies by 3.2% during the second quarter. Larson Financial Group LLC now owns 58,085 shares of the pipeline company's stock valued at $2,469,000 after buying an additional 1,796 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in Williams Companies by 8.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 126,985 shares of the pipeline company's stock worth $5,397,000 after buying an additional 9,381 shares during the last quarter. First National Trust Co grew its position in shares of Williams Companies by 10.4% in the 2nd quarter. First National Trust Co now owns 11,619 shares of the pipeline company's stock worth $494,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Founders Financial Securities LLC lifted its stake in Williams Companies by 4.0% during the second quarter. Founders Financial Securities LLC now owns 56,249 shares of the pipeline company's stock worth $2,391,000 after purchasing an additional 2,177 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WMB shares. Royal Bank of Canada boosted their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Scotiabank boosted their price objective on Williams Companies from $43.00 to $48.00 and gave the company a "sector perform" rating in a research report on Thursday, August 8th. Stifel Nicolaus increased their target price on Williams Companies from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, May 8th. Argus upgraded Williams Companies from a "hold" rating to a "buy" rating in a research note on Thursday, June 20th. Finally, Truist Financial upped their price target 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 equities research 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.83.

Williams Companies Price Performance

Shares of NYSE WMB traded up $0.38 during trading on Thursday, hitting $44.83. The company had a trading volume of 4,394,588 shares, compared to its average volume of 6,421,902. The Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.81. The business's 50-day moving average is $43.47 and its 200 day moving average is $40.53. The company has a market cap of $54.64 billion, a P/E ratio of 18.68, a PEG ratio of 6.29 and a beta of 1.05. 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 - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share 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 firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter last year, the business posted $0.42 EPS. Williams Companies's revenue was down 5.9% on a year-over-year basis. Equities research analysts predict that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies's dividend payout ratio is currently 79.83%.

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.