Transcend Capital Advisors LLC trimmed its stake in shares of The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,906 shares of the pipeline company’s stock after selling 377 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Williams Companies were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in WMB. Fairfield Bush & CO. acquired a new stake in Williams Companies during the first quarter valued at approximately $54,000. Acadian Asset Management LLC boosted its holdings in shares of Williams Companies by 32.3% in the 1st quarter. Acadian Asset Management LLC now owns 10,414 shares of the pipeline company’s stock worth $347,000 after acquiring an additional 2,540 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of Williams Companies by 1,001.1% in the 1st quarter. Cibc World Market Inc. now owns 101,026 shares of the pipeline company’s stock worth $3,375,000 after acquiring an additional 91,851 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Williams Companies by 42.9% in the 1st quarter. Cetera Investment Advisers now owns 98,677 shares of the pipeline company’s stock worth $3,297,000 after acquiring an additional 29,625 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Williams Companies in the 1st quarter worth approximately $319,000. 84.71% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Williams Companies from $36.00 to $35.00 in a report on Tuesday, April 18th. Argus downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Citigroup raised Williams Companies from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, May 16th. StockNews.com began coverage on shares of Williams Companies in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Sanford C. Bernstein cut shares of Williams Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $37.00 to $34.00 in a research report on Monday, February 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.42.
Williams Companies Stock Performance
Williams Companies (NYSE:WMB – Get Rating) last issued its earnings results on Wednesday, May 3rd. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.46 by $0.10. Williams Companies had a net margin of 22.53% and a return on equity of 17.24%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that The Williams Companies, Inc. will post 1.98 EPS for the current year.
Williams Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, June 12th will be issued a $0.4475 dividend. This represents a $1.79 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Friday, June 9th. Williams Companies’s dividend payout ratio (DPR) is 84.04%.
Insider Activity
In other news, SVP Scott A. Hallam sold 14,388 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $30.64, for a total value of $440,848.32. Following the completion of the transaction, the senior vice president now owns 248,554 shares of the company’s stock, valued at approximately $7,615,694.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Scott A. Hallam sold 14,388 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $30.64, for a total value of $440,848.32. Following the completion of the transaction, the senior vice president now owns 248,554 shares of the company’s stock, valued at approximately $7,615,694.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott A. Hallam sold 7,194 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $31.00, for a total transaction of $223,014.00. Following the completion of the transaction, the senior vice president now directly owns 241,360 shares of the company’s stock, valued at approximately $7,482,160. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.
Williams Companies Company 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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