Yousif Capital Management LLC Has $9.34 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Yousif Capital Management LLC lowered its holdings in The Williams Companies, Inc. (NYSE:WMB - Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,344 shares of the pipeline company's stock after selling 15,700 shares during the period. Yousif Capital Management LLC's holdings in Williams Companies were worth $9,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Myriad Asset Management US LP bought a new stake in shares of Williams Companies in the 4th quarter valued at about $995,000. ING Groep NV increased its position in Williams Companies by 266.6% during the fourth quarter. ING Groep NV now owns 155,694 shares of the pipeline company's stock worth $8,426,000 after buying an additional 113,227 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Williams Companies by 14.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company's stock valued at $5,130,000 after buying an additional 10,561 shares during the period. Cerity Partners LLC lifted its position in shares of Williams Companies by 4.3% in the fourth quarter. Cerity Partners LLC now owns 183,317 shares of the pipeline company's stock valued at $9,224,000 after buying an additional 7,618 shares during the last quarter. Finally, NEOS Investment Management LLC boosted its stake in shares of Williams Companies by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 72,904 shares of the pipeline company's stock worth $3,946,000 after acquiring an additional 17,420 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Price Performance

WMB traded down $0.34 during trading on Friday, hitting $59.74. 8,203,352 shares of the stock traded hands, compared to its average volume of 6,796,789. The business has a 50 day moving average price of $58.70 and a 200 day moving average price of $57.37. 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 Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $61.67. The company has a market cap of $72.85 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 5.01 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. Williams Companies's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's dividend payout ratio is 106.95%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a report on Friday, May 16th. Morgan Stanley raised their target price on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Truist Financial lifted their target price on shares of Williams Companies from $56.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Scotiabank increased their price target on shares of Williams Companies from $52.00 to $59.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Finally, Barclays raised their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $61.25.

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.