SeaCrest Wealth Management LLC reduced its stake in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,986 shares of the pipeline company’s stock after selling 723 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Williams Companies were worth $486,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI boosted its stake in shares of Williams Companies by 78.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,994 shares of the pipeline company’s stock valued at $552,000 after purchasing an additional 5,721 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Williams Companies by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,016,985 shares of the pipeline company’s stock valued at $43,222,000 after buying an additional 56,000 shares during the period. Mutual of America Capital Management LLC boosted its position in Williams Companies by 0.6% during the second quarter. Mutual of America Capital Management LLC now owns 263,620 shares of the pipeline company’s stock valued at $11,204,000 after acquiring an additional 1,468 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in Williams Companies by 7.7% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 9,789 shares of the pipeline company’s stock worth $416,000 after acquiring an additional 700 shares during the period. Finally, Meiji Yasuda Life Insurance Co raised its position in shares of Williams Companies by 8.3% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 25,120 shares of the pipeline company’s stock worth $1,068,000 after acquiring an additional 1,920 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently commented on WMB. Barclays upped their target price on Williams Companies from $46.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. The Goldman Sachs Group raised their price objective on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Mizuho increased their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $52.00 to $58.00 in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus price target of $53.00.
Williams Companies Stock Up 1.9 %
WMB stock opened at $59.13 on Friday. The firm has a market capitalization of $72.08 billion, a PE ratio of 24.95, a P/E/G ratio of 5.36 and a beta of 1.06. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $60.36. The stock’s 50 day moving average is $56.00 and its 200-day moving average is $49.52.
Williams Companies (NYSE:WMB – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $0.45 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.
Williams Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.475 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.21%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.
Insiders Place Their Bets
In related news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the completion of the sale, the chief accounting officer now directly owns 25,858 shares of the company’s stock, valued at approximately $1,455,805.40. This trade represents a 23.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.44% of the company’s stock.
Williams Companies 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 natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.
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