Brinker Capital Inc. reduced its stake in Williams Companies Inc (NYSE:WMB) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,984 shares of the pipeline company’s stock after selling 3,199 shares during the quarter. Brinker Capital Inc.’s holdings in Williams Companies were worth $242,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. JNBA Financial Advisors lifted its stake in Williams Companies by 68.6% in the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock valued at $26,000 after buying an additional 480 shares during the period. Claybrook Capital LLC acquired a new position in Williams Companies in the fourth quarter valued at approximately $26,000. JOYN Advisors Inc. raised its position in shares of 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 purchasing an additional 463 shares during the period. Oakworth Capital Inc. raised its position in shares of 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 purchasing an additional 1,000 shares during the period. Finally, 1 North Wealth Services LLC acquired a new position in shares of Williams Companies during the fourth quarter worth approximately $32,000. 90.22% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on WMB shares. Zacks Investment Research raised Williams Companies from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Saturday, January 12th. Barclays raised Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Wednesday, January 16th. Evercore ISI started coverage on Williams Companies in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Bank of America set a $30.00 target price on Williams Companies and gave the stock a “buy” rating in a research report on Thursday, February 14th. Finally, Mizuho set a $32.00 target price on Williams Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company’s stock. Williams Companies has a consensus rating of “Buy” and an average price target of $32.46.
Williams Companies (NYSE:WMB) last announced its quarterly earnings results on Wednesday, February 13th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). Williams Companies had a positive return on equity of 4.83% and a negative net margin of 1.78%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company posted $0.36 EPS. On average, analysts predict that Williams Companies Inc will post 0.98 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.52 annualized dividend and a yield of 5.37%. This is an increase from Williams Companies’s previous quarterly dividend of $0.34. Williams Companies’s dividend payout ratio is 192.41%.
In other Williams Companies news, Director Kathleen B. Cooper sold 9,615 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $27.39, for a total value of $263,354.85. Following the completion of the transaction, the director now owns 32,272 shares in the company, valued at approximately $883,930.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Walter J. Bennett sold 14,859 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $27.13, for a total value of $403,124.67. Following the completion of the transaction, the insider now owns 116,881 shares of the company’s stock, valued at approximately $3,170,981.53. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.
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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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