Mosley Wealth Management Boosts Holdings in The Williams Companies, Inc. (NYSE:WMB)

Mosley Wealth Management raised its position in The Williams Companies, Inc. (NYSE:WMB) by 40.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,771 shares of the pipeline company’s stock after buying an additional 4,815 shares during the period. Mosley Wealth Management’s holdings in Williams Companies were worth $713,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Western Pacific Wealth Management LP purchased a new position in shares of Williams Companies in the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Williams Companies during the 1st quarter worth about $27,000. Fairman Group LLC purchased a new position in Williams Companies in the 4th quarter valued at about $31,000. SouthState Corp acquired a new stake in Williams Companies in the 2nd quarter worth about $31,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies during the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMB. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Barclays lifted their target price 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. Scotiabank increased their target price on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Truist Financial boosted 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. Finally, StockNews.com cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.83.

Williams Companies Trading Down 1.3 %

WMB stock traded down $0.57 during midday trading on Friday, hitting $44.26. 4,602,869 shares of the company’s stock were exchanged, compared to its average volume of 6,411,479. The stock has a market capitalization of $53.94 billion, a PE ratio of 18.59, a P/E/G ratio of 6.11 and a beta of 1.05. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 1-year low of $32.49 and a 1-year high of $45.81. The business has a 50-day simple moving average of $43.56 and a two-hundred day simple moving average of $40.63.

Williams Companies (NYSE:WMB) 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. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. Williams Companies’s revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. On average, sell-side analysts predict that The Williams Companies, Inc. will post 1.93 EPS 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. 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 dividend yield of 4.29%. Williams Companies’s 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.