Raymond James Trust N.A. Raises Position in The Williams Companies, Inc. (NYSE:WMB)

Raymond James Trust N.A. raised its stake in The Williams Companies, Inc. (NYSE:WMBGet Rating) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,419 shares of the pipeline company’s stock after purchasing an additional 1,930 shares during the quarter. Raymond James Trust N.A.’s holdings in Williams Companies were worth $3,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Peak Financial Advisors LLC purchased a new stake in shares of Williams Companies in the second quarter worth approximately $1,846,000. IMS Capital Management bought a new position in shares of Williams Companies in the second quarter valued at approximately $262,000. ACG Wealth bought a new position in shares of Williams Companies in the second quarter valued at approximately $152,000. Blue Zone Wealth Advisors LLC grew its holdings in shares of Williams Companies by 0.3% in the second quarter. Blue Zone Wealth Advisors LLC now owns 140,536 shares of the pipeline company’s stock valued at $4,386,000 after acquiring an additional 360 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Williams Companies by 36.1% in the second quarter. Allworth Financial LP now owns 11,161 shares of the pipeline company’s stock valued at $348,000 after acquiring an additional 2,963 shares in the last quarter. 85.40% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Trading Down 1.0 %

NYSE:WMB opened at $31.16 on Friday. The company has a market cap of $37.97 billion, a P/E ratio of 24.34, a P/E/G ratio of 6.07 and a beta of 1.17. The stock’s fifty day moving average price is $33.34 and its two-hundred day moving average price is $33.58. The Williams Companies, Inc. has a 1 year low of $24.86 and a 1 year high of $37.97. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.65 and a quick ratio of 0.59.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings data on Monday, August 1st. The pipeline company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. Williams Companies had a return on equity of 13.43% and a net margin of 14.57%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that The Williams Companies, Inc. will post 1.48 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be given a $0.425 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.46%. Williams Companies’s dividend payout ratio (DPR) is presently 132.81%.

Analyst Ratings Changes

WMB has been the subject of several recent analyst reports. TD Securities upped their target price on Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Barclays increased their price objective on Williams Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. US Capital Advisors reissued a “hold” rating on shares of Williams Companies in a report on Wednesday, June 1st. The Goldman Sachs Group lowered Williams Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $35.00 to $30.00 in a report on Wednesday, September 7th. Finally, Mizuho increased their price objective on Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.86.

About Williams Companies

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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.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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