Cushing Asset Management LP reduced its stake in Williams Companies Inc (NYSE:WMB) by 29.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,659,116 shares of the pipeline company’s stock after selling 706,543 shares during the period. Williams Companies makes up approximately 1.5% of Cushing Asset Management LP’s investment portfolio, making the stock its 20th biggest position. Cushing Asset Management LP owned about 0.20% of Williams Companies worth $50,587,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of WMB. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Williams Companies in the third quarter valued at approximately $105,000. SeaCrest Wealth Management LLC bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $117,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Williams Companies in the third quarter valued at approximately $172,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Williams Companies by 44.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock valued at $197,000 after buying an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 86.53% of the company’s stock.
Several equities research analysts recently issued reports on WMB shares. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price target on shares of Williams Companies in a research note on Tuesday, January 16th. Jefferies Group reiterated a “buy” rating and issued a $37.00 price target on shares of Williams Companies in a research note on Friday, January 12th. Bank of America started coverage on Williams Companies in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. UBS Group reiterated a “buy” rating and issued a $36.00 price target (down from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. Finally, Barclays cut Williams Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $36.00 to $35.00 in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Williams Companies has a consensus rating of “Buy” and a consensus target price of $35.27.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned ($0.02) earnings per share. equities research analysts anticipate that Williams Companies Inc will post 0.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, March 8th. This is an increase from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 annualized dividend and a dividend yield of 4.81%. Williams Companies’s dividend payout ratio is 468.97%.
In other news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen B. Cooper sold 4,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $28.31, for a total transaction of $113,240.00. Following the transaction, the director now owns 45,465 shares of the company’s stock, valued at $1,287,114.15. The disclosure for this sale can be found here. Insiders have sold 32,915 shares of company stock valued at $1,057,995 over the last quarter. Company insiders own 0.50% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Williams Companies Inc (WMB) Shares Sold by Cushing Asset Management LP” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/03/13/williams-companies-inc-wmb-shares-sold-by-cushing-asset-management-lp.html.
About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.