Augustine Asset Management Inc. cut its holdings in Williams Companies Inc (NYSE:WMB) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,915 shares of the pipeline company’s stock after selling 1,488 shares during the period. Augustine Asset Management Inc.’s holdings in Williams Companies were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Grassi Investment Management bought a new stake in shares of Williams Companies during the 1st quarter valued at $204,000. Pacer Advisors Inc. purchased a new position in Williams Companies during the first quarter valued at $2,896,000. Hudson Valley Investment Advisors Inc. ADV grew its stake in Williams Companies by 2.0% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 24,285 shares of the pipeline company’s stock valued at $697,000 after acquiring an additional 484 shares in the last quarter. Chickasaw Capital Management LLC grew its stake in Williams Companies by 1.4% during the first quarter. Chickasaw Capital Management LLC now owns 13,607,626 shares of the pipeline company’s stock valued at $390,811,000 after acquiring an additional 184,192 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new position in Williams Companies during the first quarter valued at $29,000. Hedge funds and other institutional investors own 90.20% of the company’s stock.

In related news, insider Walter J. Bennett sold 14,859 shares of Williams Companies stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $27.13, for a total transaction of $403,124.67. Following the completion of the transaction, the insider now directly owns 116,881 shares of the company’s stock, valued at approximately $3,170,981.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kathleen B. Cooper sold 9,615 shares of Williams Companies stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $27.39, for a total transaction of $263,354.85. Following the transaction, the director now directly owns 32,272 shares of the company’s stock, valued at $883,930.08. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Shares of NYSE:WMB traded up $0.10 on Thursday, reaching $28.76. The company’s stock had a trading volume of 4,507,334 shares, compared to its average volume of 7,795,499. Williams Companies Inc has a 52-week low of $20.36 and a 52-week high of $32.22. The stock has a market capitalization of $34.60 billion, a P/E ratio of 36.41, a PEG ratio of 4.49 and a beta of 1.73. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.40.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 13th. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Williams Companies had a positive return on equity of 4.83% and a negative net margin of 1.78%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the business earned $0.36 earnings per share. On average, analysts expect that Williams Companies Inc will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, March 7th. This is a boost from Williams Companies’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.29%. Williams Companies’s payout ratio is currently 192.41%.

Several equities analysts recently weighed in on the stock. Mizuho set a $32.00 target price on shares of Williams Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Bank of America set a $30.00 target price on shares of Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Evercore ISI assumed coverage on shares of Williams Companies in a research note on Tuesday, February 5th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, January 30th. Finally, Barclays raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $32.21.

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About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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