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

Moran Wealth Management LLC reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,429 shares of the pipeline company’s stock after selling 26,815 shares during the quarter. Moran Wealth Management LLC’s holdings in Williams Companies were worth $3,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Achmea Investment Management B.V. raised its stake in Williams Companies by 2.2% in the second quarter. Achmea Investment Management B.V. now owns 101,345 shares of the pipeline company’s stock valued at $3,307,000 after purchasing an additional 2,179 shares in the last quarter. Aspire Private Capital LLC purchased a new position in shares of Williams Companies during the 1st quarter valued at about $25,029,697,000. Czech National Bank raised its holdings in shares of Williams Companies by 0.5% during the 2nd quarter. Czech National Bank now owns 144,209 shares of the pipeline company’s stock valued at $4,706,000 after buying an additional 722 shares in the last quarter. Courier Capital LLC purchased a new position in shares of Williams Companies during the 2nd quarter valued at about $1,883,000. Finally, Level Four Advisory Services LLC increased its holdings in shares of Williams Companies by 7.4% in the second quarter. Level Four Advisory Services LLC now owns 15,232 shares of the pipeline company’s stock worth $497,000 after buying an additional 1,053 shares during the period. 85.76% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Shares of WMB stock opened at $35.61 on Tuesday. The stock has a market cap of $43.32 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 4.89 and a beta of 1.14. The business’s fifty day moving average is $34.59 and its 200 day moving average is $33.11. The Williams Companies, Inc. has a twelve month low of $27.80 and a twelve month high of $36.32. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.59.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Williams Companies had a return on equity of 16.90% and a net margin of 24.52%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts expect that The Williams Companies, Inc. will post 2.03 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be paid a $0.4475 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.79 annualized dividend and a yield of 5.03%. Williams Companies’s payout ratio is 80.27%.

Analyst Ratings Changes

Several research analysts have recently commented on WMB shares. Barclays lifted their price objective on Williams Companies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. StockNews.com started coverage on Williams Companies in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Morgan Stanley lifted their price objective on Williams Companies from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 29th. Mizuho lifted their price objective on Williams Companies from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Finally, TD Securities decreased their price objective on shares of Williams Companies from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.33.

Williams Companies 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 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.