Mount Yale Investment Advisors LLC Reduces Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Mount Yale Investment Advisors LLC lessened its holdings in The Williams Companies, Inc. (NYSE:WMB) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,206 shares of the pipeline company’s stock after selling 3,557 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Williams Companies were worth $1,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SouthState Corp purchased a new position in Williams Companies in the 2nd quarter worth about $31,000. GHP Investment Advisors Inc. bought a new stake in shares of Williams Companies during the second quarter valued at approximately $34,000. Quarry LP purchased a new stake in shares of Williams Companies in the second quarter valued at approximately $35,000. Kimelman & Baird LLC bought a new position in Williams Companies in the second quarter worth approximately $42,000. Finally, EntryPoint Capital LLC purchased a new position in Williams Companies during the 1st quarter worth $50,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of WMB stock opened at $52.51 on Friday. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $52.85. 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 firm has a market capitalization of $64.00 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 5.87 and a beta of 1.05. The stock’s 50-day simple moving average is $47.00 and its 200-day simple moving average is $43.20.

Williams Companies (NYSE:WMB) last released 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. Williams Companies’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, equities analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s payout ratio is 79.83%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WMB. Bank of America initiated coverage on Williams Companies in a research report on Thursday, October 17th. They set a “buy” rating and a $55.00 price target on the stock. UBS Group raised their target price on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Royal Bank of Canada increased their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Scotiabank boosted their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Finally, Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average price target of $48.62.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.44% of the stock is currently owned by insiders.

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.