Advisory Services Network LLC lowered its stake in shares of Williams Cos. (NYSE:WMB) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,601 shares of the company’s stock after selling 99 shares during the period. Advisory Services Network LLC’s holdings in Williams Cos. were worth $121,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Virginia Retirement System bought a new stake in shares of Williams Cos. during the first quarter valued at approximately $674,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Williams Cos. by 833.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 79,311 shares of the company’s stock valued at $1,275,000 after buying an additional 70,811 shares during the last quarter. Ngam Advisors L.P. increased its stake in shares of Williams Cos. by 146.1% in the first quarter. Ngam Advisors L.P. now owns 24,813 shares of the company’s stock valued at $399,000 after buying an additional 14,729 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Williams Cos. by 7.6% in the first quarter. Prudential Financial Inc. now owns 1,003,518 shares of the company’s stock valued at $16,127,000 after buying an additional 71,100 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Williams Cos. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 18,245,245 shares of the company’s stock valued at $293,201,000 after buying an additional 285,443 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
Williams Cos. (NYSE:WMB) traded down 1.22% during mid-day trading on Wednesday, hitting $29.93. The stock had a trading volume of 5,303,340 shares. The stock has a 50 day moving average of $29.75 and a 200-day moving average of $23.45. The firm’s market cap is $22.47 billion. Williams Cos. has a 1-year low of $10.22 and a 1-year high of $42.61.
Williams Cos. (NYSE:WMB) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by $0.03. Williams Cos. had a negative net margin of 16.82% and a positive return on equity of 2.14%. During the same period last year, the firm posted $0.15 earnings per share. Analysts predict that Williams Cos. will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.80 annualized dividend and a yield of 2.64%. Williams Cos.’s dividend payout ratio (DPR) is -49.38%.
WMB has been the subject of a number of recent analyst reports. TheStreet upgraded Williams Cos. from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Vetr upgraded Williams Cos. from a “hold” rating to a “buy” rating and set a $22.78 target price for the company in a research report on Tuesday, June 21st. Jefferies Group reiterated a “buy” rating on shares of Williams Cos. in a research report on Monday, June 27th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $25.00 target price on shares of Williams Cos. in a research report on Wednesday, July 13th. Finally, Morgan Stanley initiated coverage on Williams Cos. in a research report on Wednesday, July 13th. They issued an “equal weight” rating and a $24.00 target price for the company. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.36.
In other Williams Cos. news, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $26.23, for a total value of $52,460.00. Following the completion of the transaction, the vice president now owns 13,803 shares of the company’s stock, valued at approximately $362,052.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.87% of the stock is owned by company insiders.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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