Stock Yards Bank & Trust Co. Has $3.15 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Stock Yards Bank & Trust Co. lessened its position in The Williams Companies, Inc. (NYSE:WMB) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,096 shares of the pipeline company’s stock after selling 11,102 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Williams Companies were worth $3,149,000 as of its most recent filing with the SEC.

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 valued at approximately $25,000. Rise Advisors LLC acquired a new stake in Williams Companies in the 1st quarter valued at $27,000. Fairman Group LLC acquired a new stake in Williams Companies in the 4th quarter valued at $31,000. SouthState Corp bought a new stake in Williams Companies during the 2nd quarter worth about $31,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Williams Companies during the 2nd quarter worth about $34,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.9 %

WMB opened at $45.46 on Tuesday. 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 debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The stock has a fifty day moving average of $43.85 and a 200-day moving average of $41.13. The company has a market capitalization of $55.40 billion, a P/E ratio of 19.10, a P/E/G ratio of 6.19 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. On average, equities analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders 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 4.18%. Williams Companies’s payout ratio is 79.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WMB shares. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $46.00 in a research report on Tuesday, June 4th. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Morgan Stanley boosted their price target on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. Royal Bank of Canada raised their price objective on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Scotiabank boosted their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Williams Companies presently 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.