Williams Companies, Inc. (The) $WMB Stock Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in Williams Companies, Inc. (The) (NYSE:WMB) by 97.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,395 shares of the pipeline company’s stock after selling 54,982 shares during the period. International Assets Investment Management LLC’s holdings in Williams Companies were worth $95,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Glenview Trust Co raised its stake in shares of Williams Companies by 54.2% during the 3rd quarter. Glenview Trust Co now owns 13,680 shares of the pipeline company’s stock worth $930,000 after buying an additional 4,810 shares during the period. Parcion Private Wealth LLC grew its stake in Williams Companies by 201.5% in the 3rd quarter. Parcion Private Wealth LLC now owns 98,171 shares of the pipeline company’s stock valued at $6,673,000 after acquiring an additional 65,614 shares during the period. Partners Wealth Management LLC purchased a new stake in Williams Companies in the 3rd quarter worth $329,000. Harbour Trust & Investment Management Co increased its holdings in Williams Companies by 1.4% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 115,171 shares of the pipeline company’s stock worth $7,828,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Choreo LLC raised its position in Williams Companies by 56.3% during the third quarter. Choreo LLC now owns 46,579 shares of the pipeline company’s stock worth $3,166,000 after acquiring an additional 16,787 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Williams Companies

In related news, SVP Terrance Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $74.17, for a total value of $148,340.00. Following the transaction, the senior vice president directly owned 260,259 shares in the company, valued at approximately $19,303,410.03. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 19,000 shares of company stock worth $1,408,470. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on WMB. Stifel Nicolaus set a $85.00 price objective on shares of Williams Companies in a report on Wednesday. Royal Bank Of Canada raised their price target on shares of Williams Companies from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Jefferies Financial Group lowered their price objective on Williams Companies from $85.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Scotiabank cut their price objective on Williams Companies from $86.00 to $85.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 10th. Finally, UBS Group restated a “buy” rating and issued a $91.00 price objective (up from $89.00) on shares of Williams Companies in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $86.33.

Williams Companies Trading Down 0.3%

NYSE WMB traded down $0.17 on Friday, reaching $64.08. 8,560,541 shares of the company were exchanged, compared to its average volume of 8,122,005. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 1.83. The business’s fifty day moving average price is $71.78 and its 200 day moving average price is $72.46. The stock has a market capitalization of $78.38 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.50 and a beta of 0.62. Williams Companies, Inc. has a fifty-two week low of $57.80 and a fifty-two week high of $80.07.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Monday, November 2nd. The pipeline company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Williams Companies had a return on equity of 18.79% and a net margin of 24.99%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Analysts forecast that Williams Companies, Inc. will post 2.39 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Stockholders of record on Friday, December 11th will be issued a dividend of $0.5250 per share. The ex-dividend date is Friday, December 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.3%. Williams Companies’s dividend payout ratio (DPR) is currently 82.68%.

Williams Companies Profile

Williams Companies is an energy infrastructure company focused primarily on gathering, processing, transporting and storing natural gas. Its systems connect natural gas-producing regions with utilities, power generators, industrial customers and other energy markets.

The company operates pipelines and related facilities across the United States. Its Transco pipeline system carries natural gas from the Gulf Coast and other supply areas to customers along the East Coast, while its gathering and processing operations serve producers in regions including the Northeast, the West and the Gulf Coast.

Williams traces its roots to 1908, when brothers Miller and David Williams established a construction business that later expanded into energy infrastructure.