Sunpointe LLC Sells 2,249 Shares of The Williams Companies, Inc. (NYSE:WMB)

Sunpointe LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB) by 32.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,777 shares of the pipeline company’s stock after selling 2,249 shares during the period. Sunpointe LLC’s holdings in Williams Companies were worth $218,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in Williams Companies by 15.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after acquiring an additional 14,672 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after buying an additional 56,509 shares during the period. Brendel Financial Advisors LLC boosted its holdings in shares of Williams Companies by 0.8% during the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after buying an additional 419 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Williams Companies during the 1st quarter worth $2,364,000. Finally, M&G Plc bought a new stake in shares of Williams Companies during the 1st quarter worth $1,036,000. 86.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WMB has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Scotiabank upped their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. Barclays upped their price objective on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Citigroup upped their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.08.

Williams Companies Price Performance

Shares of WMB stock traded up $0.10 during mid-day trading on Wednesday, reaching $51.00. The company’s stock had a trading volume of 317,370 shares, compared to its average volume of 6,257,545. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $51.19. The company has a market cap of $62.16 billion, a P/E ratio of 21.85, a PEG ratio of 7.10 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The firm’s 50-day moving average is $45.79 and its two-hundred day moving average is $42.63.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The business’s revenue was down 5.9% on a year-over-year basis. On average, research analysts predict that The Williams Companies, Inc. will post 1.9 earnings per share for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is currently 81.55%.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Company 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.