Mitchell Group Inc. Reduces Position in Williams Companies, Inc. (The) (WMB)

Mitchell Group Inc. lowered its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 84.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,410 shares of the pipeline company’s stock after selling 684,110 shares during the period. Williams Companies, Inc. (The) comprises approximately 0.5% of Mitchell Group Inc.’s portfolio, making the stock its 28th largest position. Mitchell Group Inc.’s holdings in Williams Companies, Inc. (The) were worth $3,681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC increased its position in Williams Companies, Inc. (The) by 0.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 8,448 shares of the pipeline company’s stock worth $250,000 after buying an additional 41 shares in the last quarter. Focused Wealth Management Inc increased its position in Williams Companies, Inc. (The) by 1.8% in the first quarter. Focused Wealth Management Inc now owns 5,700 shares of the pipeline company’s stock worth $169,000 after buying an additional 100 shares in the last quarter. Duncker Streett & Co. Inc. increased its position in Williams Companies, Inc. (The) by 1.0% in the first quarter. Duncker Streett & Co. Inc. now owns 12,630 shares of the pipeline company’s stock worth $374,000 after buying an additional 130 shares in the last quarter. Fifth Third Bancorp increased its position in Williams Companies, Inc. (The) by 2.1% in the first quarter. Fifth Third Bancorp now owns 7,418 shares of the pipeline company’s stock worth $219,000 after buying an additional 153 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in Williams Companies, Inc. (The) by 0.5% in the first quarter. Pinnacle Associates Ltd. now owns 36,151 shares of the pipeline company’s stock worth $1,070,000 after buying an additional 183 shares in the last quarter. Institutional investors own 85.66% of the company’s stock.

Institutional Ownership by Quarter for Williams Companies, Inc. (The) (NYSE:WMB)

Williams Companies, Inc. (WMB) traded down 2.84% during mid-day trading on Tuesday, hitting $28.05. 2,611,827 shares of the stock were exchanged. The company has a market cap of $23.18 billion, a P/E ratio of 1870.00 and a beta of 1.33. The company has a 50-day moving average price of $29.72 and a 200-day moving average price of $29.58. Williams Companies, Inc. has a one year low of $19.60 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. Williams Companies, Inc. (The) had a return on equity of 3.74% and a net margin of 0.18%. During the same quarter in the previous year, the firm posted $0.03 EPS. Analysts forecast that Williams Companies, Inc. will post $0.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.16%. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is presently -3,998.67%.

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WMB has been the subject of a number of research reports. Barclays PLC reiterated a “hold” rating and issued a $33.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Tuesday, May 16th. Wells Fargo & Co upgraded shares of Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research report on Monday, May 15th. Scotiabank reiterated a “hold” rating and issued a $30.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Thursday, April 27th. Citigroup Inc. upgraded shares of Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $36.00 in a research report on Friday, April 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 price objective on shares of Williams Companies, Inc. (The) in a research report on Tuesday, June 6th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.39.

In related news, CEO Alan S. Armstrong bought 15,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $429,000.00. Following the completion of the acquisition, the chief executive officer now owns 345,527 shares in the company, valued at $9,882,072.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Creel bought 5,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average price of $29.67 per share, with a total value of $148,350.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $148,350. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 21,000 shares of company stock valued at $607,980 and have sold 92,561 shares valued at $2,876,240. Insiders own 0.50% of the company’s stock.

About Williams Companies, Inc. (The)

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.

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