Argent Trust Co Has $4.03 Million Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Argent Trust Co reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 3.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 94,871 shares of the pipeline company’s stock after selling 3,521 shares during the period. Argent Trust Co’s holdings in Williams Companies were worth $4,032,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Williams Companies during the 4th quarter worth $306,417,000. O Shaughnessy Asset Management LLC lifted its position in shares of Williams Companies by 15.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after buying an additional 14,672 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after buying an additional 56,509 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Williams Companies by 24.5% during the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after buying an additional 518,009 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its position in shares of Williams Companies by 3.5% during the 1st quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock worth $64,091,000 after buying an additional 56,013 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Trading Up 0.2 %

Shares of Williams Companies stock opened at $45.53 on Wednesday. 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 Williams Companies, Inc. has a 52 week low of $32.49 and a 52 week high of $45.81. The stock has a 50 day moving average price of $43.91 and a two-hundred day moving average price of $41.20. The stock has a market capitalization of $55.49 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 6.24 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities analysts anticipate that The Williams Companies, Inc. will post 1.93 earnings per share for the current fiscal 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 issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.17%. Williams Companies’s dividend payout ratio is presently 79.83%.

Analyst Ratings Changes

WMB has been the subject of several research reports. Scotiabank increased their target price on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Barclays increased their target price on Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Royal Bank of Canada increased their target price on Williams Companies from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Truist Financial increased their target price on Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Finally, Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average 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.