Pitcairn Co. Sells 1,901 Shares of The Williams Companies, Inc. (NYSE:WMB)

Pitcairn Co. reduced its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,881 shares of the pipeline company’s stock after selling 1,901 shares during the period. Pitcairn Co.’s holdings in Williams Companies were worth $771,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WMB. Dearborn Partners LLC grew its stake in Williams Companies by 1.1% during the third quarter. Dearborn Partners LLC now owns 18,111 shares of the pipeline company’s stock worth $827,000 after purchasing an additional 201 shares during the period. L & S Advisors Inc grew its position in shares of Williams Companies by 0.3% during the 3rd quarter. L & S Advisors Inc now owns 78,548 shares of the pipeline company’s stock worth $3,586,000 after buying an additional 232 shares during the period. CVA Family Office LLC increased its stake in shares of Williams Companies by 18.7% in the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after acquiring an additional 249 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 252 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in Williams Companies by 2.8% during the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after acquiring an additional 257 shares in the last quarter. 86.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on WMB shares. Mizuho lifted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Scotiabank upped their price target on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Citigroup raised their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays boosted their price target on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.54.

Williams Companies Trading Down 0.2 %

Shares of WMB stock opened at $59.65 on Monday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57. The company has a market capitalization of $72.71 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 6.14 and a beta of 1.03. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $60.36. The company has a 50-day simple moving average of $51.35 and a two-hundred day simple moving average of $45.73.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Research analysts anticipate that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, December 13th. Williams Companies’s payout ratio is 80.17%.

Insider Buying and Selling

In other news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the transaction, the chief accounting officer now owns 25,858 shares of the company’s stock, valued at $1,455,805.40. This represents a 23.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This trade represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by insiders.

Williams Companies Company Profile

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.