Kestra Advisory Services LLC Has $7.65 Million Position in The Williams Companies, Inc. (NYSE:WMB)

Posted by Defense World Staff on Apr 16th, 2023

Kestra Advisory Services LLC reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,437 shares of the pipeline company’s stock after selling 91,786 shares during the period. Kestra Advisory Services LLC’s holdings in Williams Companies were worth $7,647,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its holdings in Williams Companies by 0.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 68,315 shares of the pipeline company’s stock worth $2,248,000 after acquiring an additional 469 shares during the period. Centaurus Financial Inc. grew its stake in shares of Williams Companies by 6.9% in the 3rd quarter. Centaurus Financial Inc. now owns 19,481 shares of the pipeline company’s stock valued at $558,000 after buying an additional 1,255 shares during the period. Roosevelt Investment Group LLC grew its stake in shares of Williams Companies by 3.3% in the 3rd quarter. Roosevelt Investment Group LLC now owns 62,490 shares of the pipeline company’s stock valued at $1,789,000 after buying an additional 2,000 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Williams Companies by 7.8% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 22,285 shares of the pipeline company’s stock valued at $733,000 after buying an additional 1,615 shares during the period. Finally, Ardevora Asset Management LLP grew its stake in shares of Williams Companies by 19.0% in the 4th quarter. Ardevora Asset Management LLP now owns 1,226,811 shares of the pipeline company’s stock valued at $40,362,000 after buying an additional 196,163 shares during the period. 85.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William H. Spence purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average price of $29.61 per share, with a total value of $148,050.00. Following the acquisition, the director now owns 48,521 shares of the company’s stock, valued at approximately $1,436,706.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WMB has been the subject of several research reports. Sanford C. Bernstein downgraded Williams Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $37.00 to $34.00 in a research note on Monday, February 27th. Argus downgraded Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Raymond James reduced their target price on Williams Companies from $42.00 to $40.00 and set a “strong-buy” rating for the company in a research note on Tuesday, February 28th. Morgan Stanley raised their price target on shares of Williams Companies from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, January 9th. Finally, StockNews.com assumed coverage on shares of Williams Companies in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus target price of $36.30.

Williams Companies Price Performance

Williams Companies stock opened at $30.39 on Friday. The Williams Companies, Inc. has a 52 week low of $27.80 and a 52 week high of $37.97. The company’s 50 day moving average price is $30.19 and its two-hundred day moving average price is $31.59. The company has a quick ratio of 0.71, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The stock has a market cap of $37.04 billion, a P/E ratio of 18.09, a P/E/G ratio of 4.78 and a beta of 1.15.

Williams Companies (NYSE:WMB – Get Rating) last posted its earnings results on Monday, February 20th. The pipeline company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Williams Companies had a net margin of 18.69% and a return on equity of 16.02%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts predict that The Williams Companies, Inc. will post 1.82 earnings per share for the current year.

Williams Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 27th. Investors of record on Monday, March 13th were issued a $0.4475 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date was Friday, March 10th. This is a boost from Williams Companies’s previous quarterly dividend of $0.43. Williams Companies’s payout ratio is 106.55%.

About Williams Companies

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The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.