Cadence Bank Has $305,000 Stake in The Williams Companies, Inc. (NYSE:WMB)

Cadence Bank trimmed its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,815 shares of the pipeline company’s stock after selling 1,106 shares during the period. Cadence Bank’s holdings in Williams Companies were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Williams Companies during the first quarter worth $27,000. Western Pacific Wealth Management LP acquired a new position in Williams Companies during the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at $26,000. Fairman Group LLC acquired a new position in shares of Williams Companies in the fourth quarter valued at $31,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Williams Companies in the first quarter valued at $46,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMB has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Truist Financial upped their price objective on shares of Williams Companies from $40.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Morgan Stanley upped their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. Finally, Argus upgraded shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.77.

Williams Companies Price Performance

WMB traded up $0.70 on Friday, hitting $42.52. 5,567,442 shares of the stock were exchanged, compared to its average volume of 6,579,944. The Williams Companies, Inc. has a 12 month low of $32.49 and a 12 month high of $45.10. The business has a 50-day moving average of $41.95 and a two-hundred day moving average of $38.58. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market capitalization of $51.82 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 6.65 and a beta of 1.05.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.10. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. Williams Companies’s revenue was down 10.1% compared to the same quarter last year. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.86 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $0.475 per share. The ex-dividend date was Friday, June 7th. This represents a $1.90 annualized dividend and a yield of 4.47%. Williams Companies’s dividend payout ratio is 79.83%.

Insider Buying and Selling

In other news, SVP Debbie L. Pickle sold 38,200 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the transaction, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by company 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.