Spirit of America Management Corp NY reduced its stake in shares of Williams Companies Inc (NYSE:WMB) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,532 shares of the pipeline company’s stock after selling 20,900 shares during the quarter. Williams Companies accounts for 2.4% of Spirit of America Management Corp NY’s portfolio, making the stock its 10th largest position. 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 institutional investors also recently added to or reduced their stakes in WMB. JNBA Financial Advisors boosted its holdings 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 last quarter. Claybrook Capital LLC bought a new position in Williams Companies during the fourth quarter worth about $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, Liberty Wealth Management LLC acquired a new stake in shares of Williams Companies during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.
Shares of NYSE WMB traded down $0.13 during midday trading on Thursday, hitting $26.96. 5,471,588 shares of the company’s stock were exchanged, compared to its average volume of 7,401,988. The company has a current ratio of 0.31, a quick ratio of 0.28 and a debt-to-equity ratio of 1.32. Williams Companies Inc has a 12 month low of $20.36 and a 12 month high of $32.22. The company has a market capitalization of $33.43 billion, a P/E ratio of 34.13, a P/E/G ratio of 4.40 and a beta of 1.70.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.64%. 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 Williams Companies 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 directly owns 32,272 shares of the company’s stock, valued at approximately $883,930.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Walter J. Bennett sold 14,859 shares of Williams Companies 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 directly owns 116,881 shares of the company’s stock, valued at $3,170,981.53. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
A number of research firms have recently commented on WMB. Zacks Investment Research lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. Evercore ISI began coverage on Williams Companies in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Mizuho set a $32.00 price target on Williams Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Bank of America set a $30.00 target price on Williams Companies and gave the company a “buy” rating in a research report on Thursday, February 14th. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.33.
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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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