Atria Wealth Solutions Inc. Reduces Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Williams Companies by 40.5% in the first quarter, bringing its holdings to 35,230 shares worth approximately $2.1 million.
• The latest earnings report revealed that Williams Companies missed analysts' EPS expectations with a reported $0.46 earnings per share, falling short of the $0.49 consensus estimate.
• A quarterly dividend of $0.50 is set to be paid on September 29th, indicating a 3.5% yield, although the company's payout ratio stands at 100.50%.

Atria Wealth Solutions Inc. cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 40.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,230 shares of the pipeline company's stock after selling 23,999 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Williams Companies were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WMB. Brighton Jones LLC raised its position in Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after purchasing an additional 3,969 shares during the last quarter. FMR LLC raised its position in Williams Companies by 18.4% during the 4th quarter. FMR LLC now owns 3,138,814 shares of the pipeline company's stock valued at $169,873,000 after purchasing an additional 488,322 shares during the last quarter. Scotia Capital Inc. raised its position in Williams Companies by 85.2% during the 4th quarter. Scotia Capital Inc. now owns 40,338 shares of the pipeline company's stock valued at $2,183,000 after purchasing an additional 18,555 shares during the last quarter. Legacy Financial Advisors Inc. bought a new position in Williams Companies during the 4th quarter valued at approximately $218,000. Finally, Heritage Trust Co bought a new position in Williams Companies during the 4th quarter valued at approximately $532,000. Institutional investors own 86.44% of the company's stock.

Insider Activity at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $59.68, for a total value of $119,360.00. Following the transaction, the senior vice president directly owned 313,645 shares in the company, valued at $18,718,333.60. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is owned by insiders.

Williams Companies Stock Performance

Williams Companies stock opened at $57.89 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.36. Williams Companies, Inc. has a one year low of $42.79 and a one year high of $63.45. The stock has a market capitalization of $70.59 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.92 and a beta of 0.66. The business's fifty day moving average is $59.32 and its 200 day moving average is $58.26.

Williams Companies (NYSE:WMB - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). The firm had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%. The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. On average, sell-side analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, September 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, September 12th. Williams Companies's payout ratio is presently 100.50%.

Analysts Set New Price Targets

WMB has been the subject of several research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Wall Street Zen lowered Williams Companies from a "hold" rating to a "sell" rating in a research report on Saturday. Wells Fargo & Company increased their target price on Williams Companies from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Scotiabank increased their target price on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $62.00.

Williams Companies Company 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.

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.