The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Platform Technology Partners

Platform Technology Partners lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 4.6% during the third quarter, HoldingsChannel reports. The firm owned 42,248 shares of the pipeline company’s stock after selling 2,014 shares during the period. Platform Technology Partners’ holdings in Williams Companies were worth $1,929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atomi Financial Group Inc. purchased a new stake in shares of Williams Companies during the first quarter worth about $242,000. Sei Investments Co. increased its position in shares of Williams Companies by 18.9% during the first quarter. Sei Investments Co. now owns 936,849 shares of the pipeline company’s stock worth $36,509,000 after acquiring an additional 148,647 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Williams Companies by 9.1% during the first quarter. QRG Capital Management Inc. now owns 29,396 shares of the pipeline company’s stock worth $1,146,000 after acquiring an additional 2,442 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Williams Companies by 58.1% during the first quarter. Russell Investments Group Ltd. now owns 1,404,198 shares of the pipeline company’s stock worth $54,692,000 after acquiring an additional 515,823 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in shares of Williams Companies by 9.2% during the first quarter. Avantax Advisory Services Inc. now owns 31,557 shares of the pipeline company’s stock worth $1,230,000 after acquiring an additional 2,666 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Mizuho lifted their target price on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Citigroup boosted their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada boosted their price objective on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.38.

Williams Companies Stock Up 1.0 %

NYSE:WMB opened at $56.90 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.39 and a debt-to-equity ratio of 1.67. The stock has a 50 day moving average of $49.03 and a 200-day moving average of $44.54. The firm has a market capitalization of $69.36 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 6.37 and a beta of 1.03. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $57.33.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.65 billion during 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 business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a $0.475 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.34%. Williams Companies’s dividend payout ratio (DPR) is 80.17%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $13,777,218. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by 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.