Evoke Wealth LLC Lowers Position in The Williams Companies, Inc. (NYSE:WMB)

Evoke Wealth LLC trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,924 shares of the pipeline company’s stock after selling 982 shares during the quarter. Evoke Wealth LLC’s holdings in Williams Companies were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Riverview Trust Co purchased a new stake in shares of Williams Companies during the first quarter valued at about $27,000. Clearstead Advisors LLC purchased a new stake in shares of Williams Companies during the first quarter valued at about $28,000. American National Bank lifted its position in shares of Williams Companies by 63.6% during the first quarter. American National Bank now owns 908 shares of the pipeline company’s stock valued at $30,000 after buying an additional 353 shares during the last quarter. Atwood & Palmer Inc. lifted its position in shares of Williams Companies by 306.4% during the first quarter. Atwood & Palmer Inc. now owns 951 shares of the pipeline company’s stock valued at $32,000 after buying an additional 717 shares during the last quarter. Finally, First Financial Corp IN purchased a new position in shares of Williams Companies in the 1st quarter valued at approximately $33,000. 86.10% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Price Performance

WMB stock opened at $34.32 on Wednesday. The business has a 50 day moving average price of $32.23 and a 200 day moving average price of $33.06. The stock has a market cap of $41.82 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 6.48 and a beta of 1.19. The Williams Companies, Inc. has a fifty-two week low of $23.53 and a fifty-two week high of $37.97. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.51.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings data on Monday, August 1st. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. Williams Companies’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.48 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 26th. Investors of record on Friday, September 9th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Thursday, September 8th. Williams Companies’s dividend payout ratio is presently 132.81%.

Insider Buying and Selling at Williams Companies

In other news, SVP Debbie L. Cowan sold 36,228 shares of the company’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $37.75, for a total value of $1,367,607.00. Following the sale, the senior vice president now directly owns 62,891 shares in the company, valued at $2,374,135.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WMB has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on shares of Williams Companies from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 3rd. Truist Financial initiated coverage on shares of Williams Companies in a research report on Monday, May 2nd. They issued a “buy” rating and a $37.00 price objective for the company. Morgan Stanley increased their price objective on shares of Williams Companies from $34.00 to $40.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 26th. US Capital Advisors reaffirmed a “hold” rating on shares of Williams Companies in a research report on Wednesday, June 1st. Finally, TD Securities increased their price objective on shares of Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and an average price target of $36.31.

Williams Companies Profile

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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