Williams Companies, Inc. (The) (NYSE:WMB) Stake Decreased by Autumn Glory Partners LLC

Autumn Glory Partners LLC lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,520 shares of the pipeline company’s stock after selling 24,064 shares during the quarter. Williams Companies comprises about 1.9% of Autumn Glory Partners LLC’s portfolio, making the stock its 8th largest position. Autumn Glory Partners LLC’s holdings in Williams Companies were worth $3,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in Williams Companies in the 4th quarter worth about $25,000. Menard Financial Group LLC purchased a new position in Williams Companies in the 4th quarter worth about $26,000. Sandy Spring Bank purchased a new position in Williams Companies in the 4th quarter worth about $27,000. Hoey Investments Inc. purchased a new position in Williams Companies in the 4th quarter worth about $28,000. Finally, Compass Planning Associates Inc purchased a new position in Williams Companies in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 1.0%

WMB stock opened at $59.10 on Thursday. The firm has a 50 day moving average of $58.89 and a 200 day moving average of $57.38. The stock has a market capitalization of $72.06 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 4.32 and a beta of 0.65. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 52 week low of $40.41 and a 52 week high of $61.67.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the business earned $0.59 EPS. Williams Companies’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies’s payout ratio is 106.95%.

Analyst Upgrades and Downgrades

WMB has been the topic of several recent research reports. Barclays increased their target price on shares of Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. CIBC increased their target price on shares of Williams Companies from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Citigroup increased their target price on shares of Williams Companies from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 target price on shares of Williams Companies in a report on Friday, May 16th. Finally, Wells Fargo & Company increased their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Moderate Buy” and an average price target of $61.25.

About Williams Companies

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.