Independent Advisor Alliance trimmed its position in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,526 shares of the pipeline company’s stock after selling 574 shares during the period. Independent Advisor Alliance’s holdings in Williams Companies were worth $452,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Gateway Investment Advisers LLC bought a new position in Williams Companies in the 1st quarter valued at $236,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Williams Companies by 2.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 474,134 shares of the pipeline company’s stock worth $15,842,000 after acquiring an additional 10,865 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Williams Companies by 3,402.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 6,514 shares of the pipeline company’s stock worth $170,000 after acquiring an additional 6,328 shares during the last quarter. King Luther Capital Management Corp bought a new stake in shares of Williams Companies during the 4th quarter worth $516,000. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Williams Companies by 143.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 419,696 shares of the pipeline company’s stock worth $10,928,000 after acquiring an additional 247,533 shares during the last quarter. 86.10% of the stock is owned by institutional investors.
Insider Activity at Williams Companies
In related news, SVP Debbie L. Cowan sold 36,228 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $37.75, for a total transaction of $1,367,607.00. Following the transaction, the senior vice president now owns 62,891 shares in the company, valued at $2,374,135.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by corporate insiders.
Williams Companies Price Performance
Williams Companies (NYSE:WMB – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). Williams Companies had a net margin of 14.57% and a return on equity of 13.43%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. Williams Companies’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts predict that The Williams Companies, Inc. will post 1.52 earnings per share for the current year.
Williams Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 9th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, September 8th. Williams Companies’s dividend payout ratio is currently 132.81%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Williams Companies from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 26th. Mizuho lifted their price objective on shares of Williams Companies from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. TD Securities lifted their target price on shares of Williams Companies from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Raymond James lifted their target price on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Williams Companies currently has an average rating of “Moderate Buy” and an average target price of $35.92.
Williams Companies 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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.
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