Cyndeo Wealth Partners LLC Has $8.18 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cyndeo Wealth Partners LLC reduced its stake in shares of The Williams Companies, Inc. (NYSE:WMB - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,929 shares of the pipeline company's stock after selling 13,378 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Williams Companies were worth $8,183,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EP Wealth Advisors LLC raised its position in Williams Companies by 1.0% in the fourth quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock worth $968,000 after purchasing an additional 183 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Williams Companies by 0.6% in the 4th quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock valued at $1,669,000 after purchasing an additional 186 shares during the period. Napa Wealth Management raised its holdings in shares of Williams Companies by 2.7% in the 4th quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock worth $389,000 after buying an additional 190 shares in the last quarter. Tower Wealth Partners Inc. lifted its position in shares of Williams Companies by 4.3% during the 4th quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock worth $248,000 after buying an additional 191 shares during the period. Finally, Mirador Capital Partners LP boosted its stake in Williams Companies by 1.2% in the 1st quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock valued at $999,000 after buying an additional 196 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WMB has been the subject of several recent analyst reports. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Barclays boosted their price target on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Morgan Stanley raised their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Citigroup boosted their target price on Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $61.25.

Williams Companies Trading Down 1.1%

Shares of NYSE WMB traded down $0.65 during mid-day trading on Monday, hitting $59.13. The company's stock had a trading volume of 5,803,686 shares, compared to its average volume of 6,792,811. The Williams Companies, Inc. has a one year low of $40.41 and a one year high of $61.67. The company's fifty day simple moving average is $58.70 and its 200-day simple moving average is $57.36. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.50 and a quick ratio of 0.45. The stock has a market cap of $72.10 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 5.01 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.17% and a return on equity of 15.85%. The business's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.38%. The ex-dividend date is Friday, June 13th. Williams Companies's payout ratio is 106.95%.

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.