Transform Wealth LLC Lowers Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Transform Wealth LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,832 shares of the pipeline company’s stock after selling 4,734 shares during the quarter. Transform Wealth LLC’s holdings in Williams Companies were worth $1,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its stake in shares of Williams Companies by 11.1% during the first quarter. AdvisorNet Financial Inc now owns 3,030 shares of the pipeline company’s stock worth $101,000 after purchasing an additional 302 shares in the last quarter. Greenleaf Trust lifted its position in shares of Williams Companies by 2.6% in the first quarter. Greenleaf Trust now owns 12,319 shares of the pipeline company’s stock valued at $412,000 after acquiring an additional 315 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Williams Companies by 1.3% in the first quarter. Bollard Group LLC now owns 26,436 shares of the pipeline company’s stock worth $883,000 after acquiring an additional 333 shares during the last quarter. Cooper Financial Group raised its stake in Williams Companies by 2.7% in the 2nd quarter. Cooper Financial Group now owns 13,001 shares of the pipeline company’s stock valued at $406,000 after purchasing an additional 339 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Williams Companies by 2.1% in the 1st quarter. Benjamin Edwards Inc. now owns 16,387 shares of the pipeline company’s stock valued at $548,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 85.40% of the company’s stock.

Williams Companies Stock Performance

Shares of WMB traded down $2.17 during mid-day trading on Friday, reaching $28.99. 438,211 shares of the company’s stock were exchanged, compared to its average volume of 7,064,272. The business’s fifty day simple moving average is $33.34 and its 200-day simple moving average is $33.58. The Williams Companies, Inc. has a 52-week low of $24.86 and a 52-week high of $37.97. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market capitalization of $35.33 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 6.07 and a beta of 1.17.

Williams Companies (NYSE:WMBGet Rating) last posted its quarterly earnings results on Monday, August 1st. The pipeline company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. Williams Companies had a return on equity of 13.43% and a net margin of 14.57%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts expect that The Williams Companies, Inc. will post 1.48 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.70 annualized dividend and a yield of 5.86%. Williams Companies’s dividend payout ratio (DPR) is currently 132.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WMB shares. The Goldman Sachs Group cut shares of Williams Companies from a “neutral” rating to a “sell” rating and reduced their target price for the company from $35.00 to $30.00 in a research report on Wednesday, September 7th. Wells Fargo & Company boosted their target price on Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 3rd. Barclays increased their price target on Williams Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. Mizuho boosted their price objective on Williams Companies from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, Raymond James raised their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Moderate Buy” and a consensus target price of $35.86.

Williams Companies Company 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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