Invst LLC Sells 1,808 Shares of The Williams Companies, Inc. (NYSE:WMB)

Invst LLC lowered its holdings in The Williams Companies, Inc. (NYSE:WMB) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,860 shares of the pipeline company’s stock after selling 1,808 shares during the period. Invst LLC’s holdings in Williams Companies were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brendel Financial Advisors LLC grew its holdings in shares of Williams Companies by 0.8% in the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after acquiring an additional 419 shares in the last quarter. Swiss National Bank grew its stake in Williams Companies by 0.3% in the third quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock valued at $165,130,000 after purchasing an additional 9,800 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of Williams Companies by 1,855.7% during the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after purchasing an additional 39,880 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Williams Companies by 402.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 91,983 shares of the pipeline company’s stock worth $4,199,000 after purchasing an additional 73,693 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Williams Companies by 41.5% in the 3rd quarter. Edgestream Partners L.P. now owns 89,757 shares of the pipeline company’s stock valued at $4,097,000 after buying an additional 26,337 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies Stock Down 0.2 %

Shares of NYSE WMB opened at $54.56 on Wednesday. The stock has a market capitalization of $66.51 billion, a P/E ratio of 23.02, a PEG ratio of 5.84 and a beta of 1.05. The stock’s fifty day moving average is $53.94 and its 200 day moving average is $47.03. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $60.36. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.51 and a current ratio of 0.57.

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

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Friday, December 13th. Williams Companies’s payout ratio is presently 80.17%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s 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 transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction that occurred 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 sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Mizuho raised their target price 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. Citigroup boosted their price target on Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on Williams Companies from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, UBS Group lifted their target price on Williams Companies from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.07.

About Williams Companies

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.