Del Sette Capital Management LLC Reduces Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Del Sette Capital Management LLC trimmed its position in The Williams Companies, Inc. (NYSE:WMB) by 52.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 52,258 shares of the pipeline company’s stock after selling 58,503 shares during the quarter. Williams Companies makes up 1.8% of Del Sette Capital Management LLC’s portfolio, making the stock its 18th biggest position. Del Sette Capital Management LLC’s holdings in Williams Companies were worth $2,221,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WMB. Rise Advisors LLC acquired a new position in Williams Companies during the 1st quarter valued at about $27,000. Western Pacific Wealth Management LP acquired a new position in shares of Williams Companies in the fourth quarter valued at about $25,000. Fairman Group LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at about $31,000. Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies in the first quarter valued at about $46,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Williams Companies in the first quarter worth about $50,000. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Trading Down 2.4 %

Shares of Williams Companies stock opened at $44.45 on Thursday. The Williams Companies, Inc. has a fifty-two week low of $32.49 and a fifty-two week high of $45.81. The firm has a market cap of $54.17 billion, a PE ratio of 18.68, a P/E/G ratio of 6.29 and a beta of 1.05. The business’s fifty day moving average is $43.47 and its two-hundred day moving average is $40.53. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64.

Williams Companies (NYSE:WMB) last issued its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 79.83%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMB. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $46.00 in a research note on Tuesday, June 4th. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Barclays increased their price target on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 19th. Truist Financial increased their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.83.

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 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.