Lake Street Advisors Group LLC Sells 913 Shares of The Williams Companies, Inc. (NYSE:WMB)

Lake Street Advisors Group LLC reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,613 shares of the pipeline company’s stock after selling 913 shares during the period. Lake Street Advisors Group LLC’s holdings in Williams Companies were worth $4,489,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Western Pacific Wealth Management LP purchased a new position in shares of Williams Companies during the 4th quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in shares of Williams Companies in the 1st quarter valued at approximately $27,000. Fairman Group LLC bought a new stake in shares of Williams Companies during the fourth quarter valued at approximately $31,000. SouthState Corp purchased a new stake in Williams Companies in the second quarter worth $31,000. Finally, Alaska Permanent Fund Corp bought a new position in Williams Companies in the first quarter worth $46,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Stock Down 1.3 %

WMB stock opened at $44.25 on Friday. The stock has a market capitalization of $53.93 billion, a P/E ratio of 18.59, a P/E/G ratio of 6.11 and a beta of 1.05. 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 Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year high of $45.81. The business has a fifty day moving average price of $43.56 and a 200-day moving average price of $40.63.

Williams Companies (NYSE:WMB) last released 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. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. Williams Companies’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. Equities analysts forecast that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.475 per share. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 4.29%. Williams Companies’s dividend payout ratio (DPR) is 79.83%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Barclays boosted their price objective on shares of Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $46.00 in a research note on Tuesday, June 4th. Royal Bank of Canada boosted their price target on Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies has an average rating of “Hold” and a consensus target price of $42.83.

Williams Companies Company 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.