Symphony Financial Ltd. Co. Has $225,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Symphony Financial Ltd. Co. decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 50.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,766 shares of the pipeline company’s stock after selling 5,797 shares during the period. Symphony Financial Ltd. Co.’s holdings in Williams Companies were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Williams Companies during the fourth quarter worth approximately $306,417,000. ETF Store Inc. increased its holdings in shares of Williams Companies by 3.3% in the fourth quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock valued at $991,000 after purchasing an additional 899 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Williams Companies by 24.5% in the fourth quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock valued at $91,820,000 after purchasing an additional 518,009 shares in the last quarter. Rheos Capital Works Inc. increased its holdings in shares of Williams Companies by 59.0% in the fourth quarter. Rheos Capital Works Inc. now owns 660,000 shares of the pipeline company’s stock valued at $22,988,000 after purchasing an additional 245,000 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Williams Companies by 6.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,350,514 shares of the pipeline company’s stock valued at $49,037,000 after purchasing an additional 77,524 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of a number of research reports. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Wednesday. US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Wells Fargo & Company raised shares of 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 report on Tuesday, June 4th. Truist Financial lifted 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, UBS Group raised their price objective on shares of Williams Companies from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Williams Companies has a consensus rating of “Hold” and an average price target of $41.42.

Williams Companies Stock Up 0.6 %

WMB stock traded up $0.26 during midday trading on Friday, hitting $42.50. The company’s stock had a trading volume of 8,506,931 shares, compared to its average volume of 6,084,668. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The Williams Companies, Inc. has a twelve month low of $31.98 and a twelve month high of $43.22. The company’s fifty day moving average price is $40.60 and its 200 day moving average price is $37.57. The stock has a market capitalization of $51.80 billion, a P/E ratio of 17.86, a PEG ratio of 6.63 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the business earned $0.56 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were paid a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.90 annualized dividend and a dividend yield of 4.47%. Williams Companies’s dividend payout ratio is presently 79.83%.

Insider Transactions at Williams Companies

In other news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now directly owns 60,410 shares in the company, valued at approximately $2,392,840.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.44% of the stock is owned by company insiders.

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.