Spirit of America Management Corp NY Lowers Holdings in Williams Companies Inc (WMB)

Spirit of America Management Corp NY lessened its stake in shares of Williams Companies Inc (NYSE:WMB) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,532 shares of the pipeline company’s stock after selling 20,900 shares during the quarter. Williams Companies accounts for about 2.4% of Spirit of America Management Corp NY’s holdings, making the stock its 10th biggest holding. Spirit of America Management Corp NY’s holdings in Williams Companies were worth $16,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in WMB. JNBA Financial Advisors boosted its stake in Williams Companies by 68.6% during the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after buying an additional 480 shares during the period. Claybrook Capital LLC purchased a new position in Williams Companies during the fourth quarter worth about $26,000. JOYN Advisors Inc. boosted its stake in Williams Companies by 57.9% during the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 463 shares during the period. Oakworth Capital Inc. boosted its stake in Williams Companies by 381.7% during the fourth quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,000 shares during the period. Finally, Liberty Wealth Management LLC purchased a new position in Williams Companies during the fourth quarter worth about $29,000. 90.22% of the stock is owned by institutional investors.

NYSE:WMB traded down $0.07 during mid-day trading on Wednesday, hitting $28.56. The stock had a trading volume of 1,339,577 shares, compared to its average volume of 6,841,139. The stock has a market cap of $34.69 billion, a price-to-earnings ratio of 36.15, a price-to-earnings-growth ratio of 4.46 and a beta of 1.73. Williams Companies Inc has a twelve month low of $20.36 and a twelve month high of $32.22. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.40.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, February 13th. The pipeline company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). Williams Companies had a negative net margin of 1.78% and a positive return on equity of 4.83%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period last year, the business earned $0.36 EPS. On average, equities analysts anticipate that Williams Companies Inc will post 0.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 5.32%. This is a boost from Williams Companies’s previous quarterly dividend of $0.34. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.

In other Williams Companies news, Director Kathleen B. Cooper sold 9,615 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total transaction of $263,354.85. Following the sale, the director now owns 32,272 shares of the company’s stock, valued at $883,930.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Walter J. Bennett sold 14,859 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $27.13, for a total transaction of $403,124.67. Following the sale, the insider now directly owns 116,881 shares in the company, valued at approximately $3,170,981.53. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Several research analysts have weighed in on the stock. Mizuho set a $32.00 target price on shares of Williams Companies and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Evercore ISI initiated coverage on shares of Williams Companies in a report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Bank of America set a $30.00 target price on shares of Williams Companies and gave the company a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, January 30th. Finally, Barclays raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.21.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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

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