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

International Assets Investment Management LLC cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) by 97.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WMB. Apella Capital LLC boosted its position in shares of Williams Companies by 2.3% during the 2nd quarter. Apella Capital LLC now owns 5,988 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 134 shares during the period. Cornerstone Financial Management LLC raised its position in Williams Companies by 56.3% in the second quarter. Cornerstone Financial Management LLC now owns 386 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 139 shares during the period. Mirador Capital Partners LP raised its position in Williams Companies by 0.9% in the second quarter. Mirador Capital Partners LP now owns 16,153 shares of the pipeline company’s stock valued at $1,201,000 after purchasing an additional 140 shares during the period. Aletheian Wealth Advisors LLC raised its position in Williams Companies by 3.8% in the second quarter. Aletheian Wealth Advisors LLC now owns 3,830 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 140 shares during the period. Finally, Eagle Bay Advisors LLC lifted its stake in Williams Companies by 5.2% during the second quarter. Eagle Bay Advisors LLC now owns 2,986 shares of the pipeline company’s stock worth $222,000 after purchasing an additional 148 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Williams Companies

In other Williams Companies news, SVP Terrance Wilson sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $74.87, for a total transaction of $973,310.00. Following the transaction, the senior vice president owned 268,159 shares of the company’s stock, valued at approximately $20,077,064.33. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 19,000 shares of company stock valued at $1,408,470 in the last three months. Corporate insiders own 0.47% of the company’s stock.

Williams Companies Stock Down 0.3%

Shares of WMB traded down $0.17 during midday trading on Friday, reaching $64.08. The stock had a trading volume of 8,560,541 shares, compared to its average volume of 8,122,005. Williams Companies, Inc. has a 1-year low of $57.80 and a 1-year high of $80.07. The company has a market cap of $78.38 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.50 and a beta of 0.62. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.48 and a quick ratio of 0.43. The company’s fifty day simple moving average is $71.78 and its two-hundred day simple moving average is $72.46.

Williams Companies (NYSE:WMB – Get Free Report) last issued its earnings results on Monday, November 2nd. The pipeline company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $2.99 billion. Williams Companies had a return on equity of 18.79% and a net margin of 24.99%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Equities research analysts expect that Williams Companies, Inc. will post 2.39 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 28th. Investors of record on Friday, December 11th will be given a $0.5250 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $2.10 dividend on an annualized basis and a yield of 3.3%. Williams Companies’s payout ratio is 82.68%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WMB. Morgan Stanley raised their price target on Williams Companies from $99.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Wells Fargo & Company increased their target price on Williams Companies from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Barclays started coverage on Williams Companies in a report on Thursday, October 1st. They set an “overweight” rating and a $82.00 target price for the company. BMO Capital Markets boosted their price target on shares of Williams Companies from $85.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Williams Companies from $85.00 to $82.00 and set an “outperformer” rating on the stock in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Williams Companies presently has a consensus rating of “Buy” and an average target price of $86.33.

View Our Latest Research Report on WMB

Williams Companies Company Profile

(Free Report)

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.

See Also

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

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