Graypoint LLC Sells 446 Shares of The Williams Companies, Inc. (NYSE:WMB)

Graypoint LLC reduced its position in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 3.6% in the first quarter, Holdings Channel reports. The fund owned 11,817 shares of the pipeline company’s stock after selling 446 shares during the quarter. Graypoint LLC’s holdings in Williams Companies were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMB. Norges Bank bought a new stake in Williams Companies during the fourth quarter worth approximately $306,417,000. Wellington Management Group LLP raised its holdings in Williams Companies by 35.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,553,779 shares of the pipeline company’s stock valued at $321,867,000 after buying an additional 2,482,331 shares during the period. Jennison Associates LLC boosted its stake in Williams Companies by 69.2% during the fourth quarter. Jennison Associates LLC now owns 4,105,754 shares of the pipeline company’s stock worth $143,003,000 after buying an additional 1,679,452 shares during the period. First Financial Bankshares Inc purchased a new stake in shares of Williams Companies in the fourth quarter valued at $56,223,000. Finally, Morningstar Investment Services LLC lifted its holdings in shares of Williams Companies by 3,821.2% in the 4th quarter. Morningstar Investment Services LLC now owns 1,579,718 shares of the pipeline company’s stock worth $55,180,000 after acquiring an additional 1,539,431 shares during the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMB has been the subject of several analyst reports. Wolfe Research reissued an “underperform” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price objective on Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Barclays raised their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.42.

Read Our Latest Stock Analysis on Williams Companies

Williams Companies Stock Up 0.0 %

Williams Companies stock traded up $0.02 during mid-day trading on Tuesday, reaching $42.37. 319,700 shares of the company were exchanged, compared to its average volume of 6,554,017. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.48 and a current ratio of 0.52. The firm has a market cap of $51.64 billion, a P/E ratio of 17.79, a PEG ratio of 6.66 and a beta of 1.05. The business has a fifty day moving average of $41.01 and a 200 day moving average of $37.92. The Williams Companies, Inc. has a 12-month low of $32.49 and a 12-month high of $43.22.

Williams Companies (NYSE:WMBGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 EPS. Research analysts anticipate that The Williams Companies, Inc. will post 1.85 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 4.48%. The ex-dividend date was Friday, June 7th. Williams Companies’s dividend payout ratio is currently 79.83%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the completion of the sale, the senior vice president now owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by company insiders.

About Williams Companies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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