Teamwork Financial Advisors LLC lessened its stake in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,420 shares of the pipeline company’s stock after selling 67,554 shares during the period. Williams Companies accounts for about 1.5% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 24th largest position. Teamwork Financial Advisors LLC’s holdings in Williams Companies were worth $11,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Williams Companies by 19.0% during the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock worth $1,631,288,000 after acquiring an additional 5,697,605 shares during the period. Geode Capital Management LLC increased its holdings in Williams Companies by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock worth $1,398,004,000 after purchasing an additional 520,663 shares during the period. Charles Schwab Investment Management Inc. raised its position in Williams Companies by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,239,210 shares of the pipeline company’s stock valued at $330,470,000 after purchasing an additional 67,016 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Williams Companies by 0.3% in the 3rd quarter. Swiss National Bank now owns 3,617,300 shares of the pipeline company’s stock worth $165,130,000 after buying an additional 9,800 shares during the period. Finally, Barclays PLC grew its position in shares of Williams Companies by 3.4% during the 3rd quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock worth $149,326,000 after buying an additional 108,675 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on WMB shares. CIBC lifted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Citigroup boosted their price target on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group increased their price objective on shares of Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America started coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $51.00 target price on shares of Williams Companies in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and a consensus target price of $53.00.
Williams Companies Trading Down 2.3 %
Shares of Williams Companies stock opened at $59.22 on Thursday. The firm’s 50 day simple moving average is $56.33 and its two-hundred day simple moving average is $50.12. The firm has a market capitalization of $72.19 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 5.44 and a beta of 1.06. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $61.46. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.
Williams Companies (NYSE:WMB – Get Free Report) 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 firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current year.
Williams Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a $0.475 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%. Williams Companies’s dividend payout ratio is currently 80.17%.
Insider Buying and Selling
In other news, CAO Mary A. Hausman sold 7,951 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is owned by corporate insiders.
Williams Companies 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.
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