UMB Bank N A MO reduced its stake in shares of Williams Cos. (NYSE:WMB) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,741 shares of the company’s stock after selling 355 shares during the period. UMB Bank N A MO’s holdings in Williams Cos. were worth $536,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of Williams Cos. by 7.4% in the first quarter. State Street Corp now owns 35,986,326 shares of the company’s stock valued at $578,305,000 after buying an additional 2,493,583 shares during the period. BlackRock Institutional Trust Company N.A. boosted 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 period. BlackRock Group LTD boosted its stake in shares of Williams Cos. by 63.6% in the first quarter. BlackRock Group LTD now owns 10,064,808 shares of the company’s stock valued at $161,742,000 after buying an additional 3,913,093 shares during the period. Franklin Resources Inc. boosted its stake in shares of Williams Cos. by 307.4% in the first quarter. Franklin Resources Inc. now owns 8,809,009 shares of the company’s stock valued at $141,561,000 after buying an additional 6,646,876 shares during the period. Finally, Harvest Fund Advisors LLC boosted its stake in shares of Williams Cos. by 77.2% in the first quarter. Harvest Fund Advisors LLC now owns 6,138,474 shares of the company’s stock valued at $98,645,000 after buying an additional 2,673,814 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
Williams Cos. (NYSE:WMB) traded up 0.96% during mid-day trading on Tuesday, reaching $30.65. The company’s stock had a trading volume of 6,915,139 shares. Williams Cos. has a 52 week low of $10.22 and a 52 week high of $44.51. The firm’s market capitalization is $23.01 billion. The company’s 50-day moving average price is $28.62 and its 200 day moving average price is $22.51.
Williams Cos. (NYSE:WMB) last released its earnings results on Monday, August 1st. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Williams Cos. had a positive return on equity of 2.14% and a negative net margin of 16.82%. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, equities analysts forecast that Williams Cos. will post $0.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Wednesday, September 7th. Williams Cos.’s dividend payout ratio (DPR) is -49.38%.
Several brokerages have recently issued reports on WMB. Vetr raised Williams Cos. from a “sell” rating to a “hold” rating and set a $22.19 target price on the stock in a report on Monday, June 13th. Citigroup Inc. assumed coverage on Williams Cos. in a research note on Friday, July 22nd. They set a “neutral” rating and a $26.00 price objective on the stock. Tudor Pickering raised Williams Cos. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Jefferies Group reissued a “buy” rating and set a $27.00 price objective (down from $30.00) on shares of Williams Cos. in a research note on Wednesday, June 8th. Finally, Zacks Investment Research cut Williams Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.33.
In other news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the sale, the vice president now owns 13,803 shares in the company, valued at approximately $362,052.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.87% of the company’s stock.
About Williams Cos.
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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