SG Americas Securities LLC lessened its position in shares of Williams Companies Inc (NYSE:WMB) by 88.3% in the second quarter, HoldingsChannel reports. The firm owned 9,112 shares of the pipeline company’s stock after selling 68,887 shares during the period. SG Americas Securities LLC’s holdings in Williams Companies were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. increased its holdings in Williams Companies by 16.4% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock worth $456,087,000 after purchasing an additional 2,375,456 shares in the last quarter. Chickasaw Capital Management LLC increased its holdings in Williams Companies by 29.6% during the 2nd quarter. Chickasaw Capital Management LLC now owns 10,134,308 shares of the pipeline company’s stock worth $274,741,000 after purchasing an additional 2,312,800 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Williams Companies by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,299,069 shares of the pipeline company’s stock worth $197,876,000 after purchasing an additional 247,977 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Williams Companies by 2.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 4,562,364 shares of the pipeline company’s stock worth $113,405,000 after purchasing an additional 97,600 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Williams Companies by 5,129.6% during the 1st quarter. Millennium Management LLC now owns 4,391,858 shares of the pipeline company’s stock worth $109,182,000 after purchasing an additional 4,307,878 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

In related news, VP Ted T. Timmermans sold 20,267 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total value of $648,544.00. Following the completion of the sale, the vice president now directly owns 9,955 shares in the company, valued at approximately $318,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Frank J. Ferazzi sold 1,100 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $31.31, for a total transaction of $34,441.00. Following the completion of the sale, the senior vice president now owns 15,037 shares of the company’s stock, valued at $470,808.47. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

A number of equities analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Williams Companies in a report on Tuesday, August 7th. They set a “buy” rating and a $35.00 target price for the company. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded Williams Companies from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. UBS Group raised their price objective on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, US Capital Advisors restated a “buy” rating on shares of Williams Companies in a report on Tuesday, July 17th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.43.

Shares of NYSE WMB opened at $27.26 on Wednesday. The stock has a market capitalization of $23.08 billion, a PE ratio of 43.27, a P/E/G ratio of 4.73 and a beta of 1.51. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.79 and a quick ratio of 0.71. Williams Companies Inc has a fifty-two week low of $24.00 and a fifty-two week high of $33.67.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2 billion. Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. During the same quarter in the previous year, the business earned $0.13 EPS. sell-side analysts forecast that Williams Companies Inc will post 0.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Friday, September 7th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Thursday, September 6th. Williams Companies’s payout ratio is 215.87%.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

Read More: Outstanding Shares and The Effect on Share Price

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

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