Williams Companies Inc (NYSE:WMB) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in Williams Companies Inc (NYSE:WMB) by 2.0% in the first quarter, HoldingsChannel.com reports. The firm owned 69,928 shares of the pipeline company’s stock after selling 1,448 shares during the quarter. Private Advisor Group LLC’s holdings in Williams Companies were worth $2,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc grew its position in Williams Companies by 47.6% in the 3rd quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after acquiring an additional 30,031,200 shares in the last quarter. Advisors Asset Management Inc. grew its position in Williams Companies by 18.0% in the 4th quarter. Advisors Asset Management Inc. now owns 839,741 shares of the pipeline company’s stock valued at $18,516,000 after acquiring an additional 128,265 shares in the last quarter. TD Asset Management Inc. grew its position in Williams Companies by 3.2% in the 4th quarter. TD Asset Management Inc. now owns 361,898 shares of the pipeline company’s stock valued at $7,980,000 after acquiring an additional 11,103 shares in the last quarter. BB&T Securities LLC grew its position in Williams Companies by 6.9% in the 4th quarter. BB&T Securities LLC now owns 106,672 shares of the pipeline company’s stock valued at $2,352,000 after acquiring an additional 6,902 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in Williams Companies in the 4th quarter valued at about $99,000. 88.10% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on WMB shares. Bank of America set a $30.00 target price on Williams Companies and gave the company a “buy” rating in a research report on Thursday, February 14th. Mizuho set a $32.00 target price on Williams Companies and gave the company a “buy” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. Williams Companies presently has an average rating of “Buy” and an average target price of $32.33.

In related news, VP Ted T. Timmermans sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the sale, the vice president now owns 18,666 shares in the company, valued at $486,435.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen I. Chazen bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $27.33 per share, with a total value of $273,300.00. Following the purchase, the director now owns 45,730 shares of the company’s stock, valued at $1,249,800.90. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Shares of WMB opened at $27.48 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.31 and a quick ratio of 0.28. The stock has a market capitalization of $33.30 billion, a PE ratio of 34.78, a P/E/G ratio of 4.50 and a beta of 1.62. Williams Companies Inc has a 1 year low of $20.36 and a 1 year high of $32.22.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS. As a group, sell-side analysts expect that Williams Companies Inc will post 0.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Thursday, June 6th. Williams Companies’s payout ratio is presently 192.41%.

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Williams Companies Profile

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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