J.W. Cole Advisors Inc. Has $395,000 Holdings in The Williams Companies, Inc. (NYSE:WMB)

J.W. Cole Advisors Inc. boosted its holdings in The Williams Companies, Inc. (NYSE:WMB) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,298 shares of the pipeline company’s stock after purchasing an additional 257 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Williams Companies were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WMB. Norges Bank acquired a new stake in shares of Williams Companies in the fourth quarter valued at approximately $306,417,000. O Shaughnessy Asset Management LLC raised its holdings in Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after acquiring an additional 14,672 shares in 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 valued at $3,716,000 after acquiring an additional 56,509 shares during the period. Eagle Asset Management Inc. grew its holdings 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 purchasing an additional 518,009 shares in the last quarter. Finally, Chickasaw Capital Management LLC increased its position in shares of Williams Companies by 3.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock worth $64,091,000 after purchasing an additional 56,013 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB opened at $45.53 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The stock has a market cap of $55.49 billion, a PE ratio of 19.13, a PEG ratio of 6.19 and a beta of 1.05. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $45.81. The business has a 50-day simple moving average of $43.91 and a two-hundred day simple moving average of $41.20.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date 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 (DPR) is presently 79.83%.

Analyst Ratings Changes

WMB has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $38.00 to $46.00 in a research report on Tuesday, June 4th. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Truist Financial lifted their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Barclays upped their target price on Williams Companies from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Finally, Morgan Stanley lifted their price target on Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus price target of $42.83.

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.