Adams Asset Advisors LLC Has $2.09 Million Stock Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Adams Asset Advisors LLC cut its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,884 shares of the pipeline company’s stock after selling 882 shares during the period. Adams Asset Advisors LLC’s holdings in Williams Companies were worth $2,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMB. Brighton Jones LLC raised its holdings in Williams Companies by 40.9% in the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after acquiring an additional 3,969 shares in the last quarter. Allworth Financial LP raised its holdings in Williams Companies by 76.2% in the 4th quarter. Allworth Financial LP now owns 39,593 shares of the pipeline company’s stock valued at $2,344,000 after acquiring an additional 17,125 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Williams Companies by 13.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,629 shares of the pipeline company’s stock valued at $629,000 after acquiring an additional 1,392 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Williams Companies by 16.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 59,229 shares of the pipeline company’s stock valued at $3,206,000 after purchasing an additional 8,559 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in shares of Williams Companies in the 4th quarter valued at $25,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WMB shares. Morgan Stanley lifted their price target on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Barclays lifted their price target on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. CIBC lifted their price target on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price target on shares of Williams Companies in a research note on Friday, May 16th. Finally, Wolfe Research upgraded Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.25.

Williams Companies Trading Up 1.0%

Shares of WMB stock opened at $59.10 on Thursday. The firm has a market capitalization of $72.06 billion, a P/E ratio of 31.60, a P/E/G ratio of 4.32 and a beta of 0.65. Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $61.67. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. The stock’s fifty day simple moving average is $58.89 and its 200 day simple moving average is $57.38.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. Williams Companies’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, sell-side analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.38%. Williams Companies’s dividend payout ratio (DPR) is presently 106.95%.

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.