The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC trimmed its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 66.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,171 shares of the pipeline company’s stock after selling 70,442 shares during the period. Lake Street Advisors Group LLC’s holdings in Williams Companies were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Williams Companies

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Scotiabank boosted 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. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Citigroup boosted 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.62.

Williams Companies Price Performance

NYSE:WMB traded up $0.13 on Friday, reaching $52.75. The stock had a trading volume of 1,089,574 shares, compared to its average volume of 6,228,318. The company has a market capitalization of $64.29 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.85. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The stock has a fifty day moving average price of $46.83 and a 200-day moving average price of $43.14.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. Research analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.60%. Williams Companies’s payout ratio is 81.55%.

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.