Cornerstone Advisors LLC Lowers Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Cornerstone Advisors LLC cut its holdings in The Williams Companies, Inc. (NYSE:WMBFree Report) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,200 shares of the pipeline company’s stock after selling 3,600 shares during the quarter. Cornerstone Advisors LLC’s holdings in Williams Companies were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new position in Williams Companies during the fourth quarter worth $26,000. CGC Financial Services LLC purchased a new stake in Williams Companies during the 4th quarter worth approximately $35,000. CVA Family Office LLC purchased a new position in shares of Williams Companies in the fourth quarter valued at approximately $52,000. Salem Investment Counselors Inc. boosted its stake in shares of Williams Companies by 121.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,658 shares of the pipeline company’s stock worth $58,000 after acquiring an additional 908 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Williams Companies in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 0.8 %

NYSE:WMB opened at $41.79 on Wednesday. The Williams Companies, Inc. has a 52 week low of $28.27 and a 52 week high of $41.89. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The stock’s fifty day moving average is $38.85 and its two-hundred day moving average is $36.46. The stock has a market capitalization of $50.93 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 6.51 and a beta of 1.05.

Williams Companies (NYSE:WMBGet Free Report) last announced its earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. Williams Companies’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Research analysts anticipate that The Williams Companies, Inc. will post 1.82 EPS for the current year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a $0.475 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.90 annualized dividend and a yield of 4.55%. Williams Companies’s dividend payout ratio is presently 79.83%.

Wall Street Analyst Weigh In

WMB has been the subject of a number of research reports. Wolfe Research reaffirmed an “underperform” rating and set a $34.00 target price on shares of Williams Companies in a report on Thursday, April 18th. CIBC lifted their price objective on Williams Companies from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Barclays lifted their price target on Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a report on Monday, April 29th. Finally, UBS Group boosted their target price on shares of Williams Companies from $43.00 to $47.00 and gave the company a “buy” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Williams Companies currently has a consensus rating of “Hold” and an average price target of $39.73.

Get Our Latest Analysis on Williams Companies

Insiders Place Their Bets

In other news, SVP Debbie L. Pickle sold 38,200 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 60,410 shares in the company, valued at $2,392,840.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.44% of the company’s stock.

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.

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

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