Texas Yale Capital Corp. Reduces Stock Position in Williams Companies Inc (NYSE:WMB)

Texas Yale Capital Corp. reduced its holdings in Williams Companies Inc (NYSE:WMB) by 49.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,776 shares of the pipeline company’s stock after selling 130,420 shares during the period. Texas Yale Capital Corp.’s holdings in Williams Companies were worth $3,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of WMB. Squar Milner Financial Services LLC boosted its stake in shares of Williams Companies by 8.9% during the 1st quarter. Squar Milner Financial Services LLC now owns 4,552 shares of the pipeline company’s stock worth $130,000 after purchasing an additional 371 shares during the period. Avestar Capital LLC boosted its stake in shares of Williams Companies by 8.8% during the 1st quarter. Avestar Capital LLC now owns 4,624 shares of the pipeline company’s stock worth $129,000 after purchasing an additional 373 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Williams Companies by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the pipeline company’s stock worth $1,835,000 after purchasing an additional 400 shares during the period. Resources Investment Advisors Inc. boosted its stake in shares of Williams Companies by 25.8% during the 1st quarter. Resources Investment Advisors Inc. now owns 1,975 shares of the pipeline company’s stock worth $57,000 after purchasing an additional 405 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Williams Companies by 24.7% during the 1st quarter. Versant Capital Management Inc now owns 2,221 shares of the pipeline company’s stock worth $63,000 after purchasing an additional 440 shares during the period. 88.13% of the stock is owned by institutional investors and hedge funds.

In related news, VP Ted T. Timmermans sold 5,000 shares of Williams Companies stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the sale, the vice president now owns 18,666 shares in the company, valued at approximately $486,435.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen I. Chazen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $27.33 per share, with a total value of $273,300.00. Following the acquisition, the director now directly owns 45,730 shares in the company, valued at $1,249,800.90. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

A number of equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Friday. ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Friday. Barclays reaffirmed a “buy” rating and set a $32.00 price target on shares of Williams Companies in a research note on Thursday, July 18th. Finally, Raymond James raised shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target for the company in a research note on Wednesday, June 26th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.00.

WMB traded down $0.51 on Friday, reaching $25.01. 12,022,131 shares of the company traded hands, compared to its average volume of 8,068,926. Williams Companies Inc has a one year low of $20.36 and a one year high of $32.22. The firm has a fifty day moving average price of $27.38. The firm has a market capitalization of $30.92 billion, a P/E ratio of 28.04, a P/E/G ratio of 4.11 and a beta of 1.56. The company has a current ratio of 0.60, a quick ratio of 0.28 and a debt-to-equity ratio of 1.22.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $0.16 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities research analysts expect that Williams Companies Inc will post 0.96 earnings per share for the current year.

About Williams Companies

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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