United Capital Financial Advisers LLC Decreases Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

United Capital Financial Advisers LLC decreased its holdings in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 3.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 206,017 shares of the pipeline company’s stock after selling 6,294 shares during the period. United Capital Financial Advisers LLC’s holdings in Williams Companies were worth $6,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Clearstead Advisors LLC purchased a new position in Williams Companies in the 1st quarter valued at $28,000. Total Clarity Wealth Management Inc. purchased a new position in Williams Companies in the 2nd quarter valued at $26,000. Jones Financial Companies Lllp purchased a new position in Williams Companies in the 2nd quarter valued at $29,000. JFS Wealth Advisors LLC lifted its holdings in Williams Companies by 128.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 958 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 539 shares in the last quarter. Finally, San Luis Wealth Advisors LLC purchased a new position in Williams Companies in the 1st quarter valued at $25,000. Hedge funds and other institutional investors own 85.40% of the company’s stock.

Williams Companies Stock Down 1.1 %

Shares of NYSE:WMB opened at $33.83 on Thursday. The business has a 50-day moving average price of $31.59 and a 200 day moving average price of $32.89. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $41.22 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 6.22 and a beta of 1.22. The Williams Companies, Inc. has a 12-month low of $24.86 and a 12-month high of $37.97.

Williams Companies (NYSE:WMBGet Rating) last released its earnings results on Monday, October 31st. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.87 billion. Williams Companies had a return on equity of 14.73% and a net margin of 17.72%. Williams Companies’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Sell-side analysts expect that The Williams Companies, Inc. will post 1.57 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 26th. Shareholders of record on Friday, December 9th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 5.03%. The ex-dividend date is Thursday, December 8th. Williams Companies’s dividend payout ratio is currently 103.66%.

Wall Street Analysts Forecast Growth

WMB has been the topic of a number of research reports. StockNews.com initiated coverage on Williams Companies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. TD Securities raised their price objective on Williams Companies from $38.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Raymond James raised their target price on Williams Companies from $40.00 to $42.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 3rd. Wells Fargo & Company raised their target price on Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. Finally, Barclays cut their target price on Williams Companies from $39.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.25.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 10,000 shares of Williams Companies stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $34.30, for a total value of $343,000.00. Following the completion of the transaction, the senior vice president now owns 188,489 shares in the company, valued at approximately $6,465,172.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 28,500 shares of company stock worth $971,300. 0.43% of the stock is currently owned by company insiders.

Williams Companies Profile

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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.

Further Reading

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

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