Williams Companies, Inc. (The) (NYSE:WMB) Stock Position Decreased by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 54.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 799 shares of the pipeline company’s stock after selling 970 shares during the period. Headlands Technologies LLC’s holdings in Williams Companies were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WMB. Brighton Jones LLC grew its position in shares of Williams Companies by 40.9% during the 4th quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company’s stock valued at $740,000 after buying an additional 3,969 shares during the last quarter. Savvy Advisors Inc. bought a new position in Williams Companies in the 4th quarter worth about $213,000. CreativeOne Wealth LLC grew its position in Williams Companies by 54.0% in the 4th quarter. CreativeOne Wealth LLC now owns 38,363 shares of the pipeline company’s stock worth $2,076,000 after purchasing an additional 13,448 shares during the last quarter. XTX Topco Ltd bought a new position in Williams Companies in the 4th quarter worth about $305,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Williams Companies in the 4th quarter worth about $1,227,000. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the sale, the chief operating officer directly owned 77,612 shares of the company’s stock, valued at $4,537,973.64. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $59.68, for a total transaction of $119,360.00. Following the sale, the senior vice president directly owned 313,645 shares of the company’s stock, valued at approximately $18,718,333.60. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,500 shares of company stock valued at $507,875. Company insiders own 0.44% of the company’s stock.

Williams Companies Stock Down 0.5%

WMB stock opened at $57.79 on Wednesday. Williams Companies, Inc. has a 12 month low of $42.79 and a 12 month high of $63.45. The firm has a market cap of $70.46 billion, a PE ratio of 29.04, a P/E/G ratio of 1.93 and a beta of 0.66. The firm has a 50 day simple moving average of $59.19 and a 200 day simple moving average of $58.24. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities research analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.5%. Williams Companies’s dividend payout ratio is currently 100.50%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WMB shares. Scotiabank upped their target price on shares of Williams Companies from $59.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. Wells Fargo & Company upped their target price on shares of Williams Companies from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wolfe Research upgraded shares of Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Wall Street Zen cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, TD Cowen began coverage on shares of Williams Companies in a research note on Monday, July 7th. They issued a “buy” rating and a $67.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.00.

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.