Amalgamated Bank Cuts Position in The Williams Companies, Inc. (NYSE:WMB)

Amalgamated Bank cut its stake in The Williams Companies, Inc. (NYSE:WMBGet Rating) by 6.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,862 shares of the pipeline company’s stock after selling 21,853 shares during the period. Amalgamated Bank’s holdings in Williams Companies were worth $10,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Adalta Capital Management LLC purchased a new position in Williams Companies in the first quarter worth $284,000. J.W. Cole Advisors Inc. purchased a new stake in Williams Companies during the first quarter valued at about $117,000. Brasada Capital Management LP boosted its position in Williams Companies by 19.6% during the first quarter. Brasada Capital Management LP now owns 185,470 shares of the pipeline company’s stock valued at $6,196,000 after buying an additional 30,361 shares during the period. Bank of America Corp DE boosted its position in Williams Companies by 17.1% during the first quarter. Bank of America Corp DE now owns 35,897,960 shares of the pipeline company’s stock valued at $1,199,352,000 after buying an additional 5,244,814 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its position in Williams Companies by 43.1% during the first quarter. Kestra Private Wealth Services LLC now owns 34,635 shares of the pipeline company’s stock valued at $1,157,000 after buying an additional 10,428 shares during the period. 85.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. TD Securities upped their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Raymond James upped their price target on shares of Williams Companies from $40.00 to $42.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 3rd. Barclays upped their price target on shares of Williams Companies from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. Mizuho upped their price target on shares of Williams Companies from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Williams Companies from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.86.

Williams Companies Price Performance

WMB stock opened at $31.69 on Friday. The Williams Companies, Inc. has a 1 year low of $24.62 and a 1 year high of $37.97. The company has a market cap of $38.62 billion, a P/E ratio of 24.76, a PEG ratio of 6.33 and a beta of 1.17. The firm has a 50-day moving average of $33.30 and a 200 day moving average of $33.62. 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 released its quarterly earnings results on Monday, August 1st. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). 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 during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the company earned $0.27 earnings per share. Williams Companies’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that The Williams Companies, Inc. will post 1.48 EPS for the current year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Thursday, September 8th. Williams Companies’s payout ratio is currently 132.81%.

Williams Companies Company Profile

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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.

Further Reading

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

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