ST Germain D J Co. Inc. Reduces Position in The Williams Companies, Inc. (NYSE:WMB)

ST Germain D J Co. Inc. cut its position in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 41.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 751 shares of the pipeline company’s stock after selling 535 shares during the period. ST Germain D J Co. Inc.’s holdings in Williams Companies were worth $29,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Patten Group Inc. boosted its position in Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company’s stock valued at $832,000 after buying an additional 296 shares during the period. Insigneo Advisory Services LLC boosted its position in Williams Companies by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company’s stock valued at $353,000 after buying an additional 298 shares during the period. Graypoint LLC boosted its position in Williams Companies by 2.6% in the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company’s stock valued at $427,000 after buying an additional 307 shares during the period. Valley National Advisers Inc. boosted its position in Williams Companies by 20.8% in the 3rd quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock valued at $61,000 after buying an additional 310 shares during the period. Finally, Integrated Advisors Network LLC boosted its position in Williams Companies by 3.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 8,553 shares of the pipeline company’s stock valued at $288,000 after buying an additional 324 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Stock Up 1.4 %

Shares of NYSE WMB traded up $0.57 during trading hours on Tuesday, hitting $41.83. 4,812,324 shares of the stock were exchanged, compared to its average volume of 6,662,535. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The company has a market cap of $50.98 billion, a PE ratio of 17.57, a PEG ratio of 6.46 and a beta of 1.05. The firm has a fifty day moving average price of $39.86 and a 200-day moving average price of $37.17. The Williams Companies, Inc. has a 12 month low of $30.24 and a 12 month high of $41.94.

Williams Companies (NYSE:WMBGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. During the same quarter in the previous year, the business posted $0.56 EPS. Williams Companies’s revenue was down 10.1% on a year-over-year basis. On average, sell-side analysts expect that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.54%. Williams Companies’s payout ratio is 79.83%.

Insider Buying and Selling at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the transaction, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMB has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Truist Financial upped their price target on shares of Williams Companies from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday. Barclays upped their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. StockNews.com raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Friday. Finally, US Capital Advisors cut shares of Williams Companies from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.42.

Get Our Latest Analysis on WMB

Williams Companies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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