Oxbow Advisors LLC Has $11.86 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Oxbow Advisors LLC cut its position in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 21.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,992 shares of the pipeline company's stock after selling 77,890 shares during the quarter. Williams Companies makes up about 1.4% of Oxbow Advisors LLC's holdings, making the stock its 15th biggest position. Oxbow Advisors LLC's holdings in Williams Companies were worth $11,857,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on WMB. Argus upgraded Williams Companies from a "hold" rating to a "buy" rating in a research report on Thursday, June 20th. Scotiabank lifted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 8th. Wells Fargo & Company upgraded shares of Williams Companies from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. Royal Bank of Canada lifted their target price 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. Finally, StockNews.com lowered shares of Williams Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Williams Companies presently has an average rating of "Hold" and an average price target of $42.83.

Williams Companies Price Performance

Shares of WMB traded down $0.57 on Friday, hitting $44.26. The company's stock had a trading volume of 4,602,869 shares, compared to its average volume of 6,411,479. The company has a market capitalization of $53.94 billion, a PE ratio of 18.59, a PEG ratio of 6.11 and a beta of 1.05. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.81. The company has a 50 day moving average price of $43.56 and a 200 day moving average price of $40.63. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The business's revenue for the quarter was down 5.9% compared to the same quarter last year. On average, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, September 13th. Williams Companies's payout ratio is presently 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.