Parkside Financial Bank & Trust Decreases Stake in Williams Companies Inc (NYSE:WMB)

Parkside Financial Bank & Trust decreased its position in Williams Companies Inc (NYSE:WMB) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,920 shares of the pipeline company’s stock after selling 1,823 shares during the period. Parkside Financial Bank & Trust’s holdings in Williams Companies were worth $600,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Eagle Asset Management Inc. increased its stake in shares of Williams Companies by 30.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 98,146 shares of the pipeline company’s stock worth $2,361,000 after purchasing an additional 22,802 shares during the last quarter. Bourgeon Capital Management LLC increased its stake in shares of Williams Companies by 8.3% during the 3rd quarter. Bourgeon Capital Management LLC now owns 62,480 shares of the pipeline company’s stock worth $1,503,000 after purchasing an additional 4,800 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Williams Companies by 1.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 20,904,353 shares of the pipeline company’s stock worth $502,945,000 after purchasing an additional 269,500 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Williams Companies by 6.4% during the 3rd quarter. Alps Advisors Inc. now owns 1,687,807 shares of the pipeline company’s stock worth $40,609,000 after purchasing an additional 101,978 shares during the last quarter. Finally, CNB Bank increased its stake in shares of Williams Companies by 265.9% during the 3rd quarter. CNB Bank now owns 6,239 shares of the pipeline company’s stock worth $150,000 after purchasing an additional 4,534 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

WMB traded down $0.04 on Friday, hitting $22.09. The company’s stock had a trading volume of 15,132,547 shares, compared to its average volume of 7,662,424. The company’s 50 day simple moving average is $23.36 and its 200-day simple moving average is $25.60. The firm has a market cap of $27.82 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 3.61 and a beta of 1.54. Williams Companies Inc has a 12 month low of $20.36 and a 12 month high of $29.55. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.23.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, October 30th. The pipeline company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. Williams Companies had a net margin of 1.87% and a return on equity of 6.95%. Williams Companies’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Equities analysts predict that Williams Companies Inc will post 0.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 6.88%. The ex-dividend date is Thursday, December 12th. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.

In other news, Director Michael A. Creel purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $23.22 per share, with a total value of $232,200.00. Following the acquisition, the director now directly owns 27,027 shares in the company, valued at $627,566.94. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.26% of the stock is owned by company insiders.

WMB has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Credit Suisse Group decreased their price target on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Scotia Howard Weill initiated coverage on shares of Williams Companies in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $23.60 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Williams Companies from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Zacks Investment Research raised shares of Williams Companies from a “strong sell” rating to a “hold” rating and set a $20.00 price objective for the company in a report on Sunday, November 3rd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Williams Companies presently has a consensus rating of “Buy” and a consensus price target of $28.28.

Williams Companies Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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

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