AMG National Trust Bank Sells 4,585 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

AMG National Trust Bank lowered its holdings in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,228 shares of the pipeline company's stock after selling 4,585 shares during the quarter. AMG National Trust Bank's holdings in Williams Companies were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC raised its holdings in Williams Companies by 4.1% in the 1st quarter. Private Advisor Group LLC now owns 112,830 shares of the pipeline company's stock worth $6,743,000 after acquiring an additional 4,405 shares during the period. Diversify Advisory Services LLC raised its holdings in Williams Companies by 6.6% in the 1st quarter. Diversify Advisory Services LLC now owns 25,212 shares of the pipeline company's stock worth $1,504,000 after acquiring an additional 1,561 shares during the period. Transce3nd LLC raised its holdings in Williams Companies by 63.0% in the 1st quarter. Transce3nd LLC now owns 1,050 shares of the pipeline company's stock worth $63,000 after acquiring an additional 406 shares during the period. Kingsview Wealth Management LLC grew its position in Williams Companies by 3.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 104,000 shares of the pipeline company's stock worth $6,215,000 after purchasing an additional 3,141 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Williams Companies in the 1st quarter worth $432,000. Institutional investors own 86.44% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on WMB. Scotiabank raised their price target on shares of Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday, July 7th. They issued a "buy" rating and a $67.00 price target on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday, July 15th. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Morgan Stanley lifted their target price on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Williams Companies presently has a consensus rating of "Moderate Buy" and an average price target of $61.77.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the transaction, the senior vice president owned 315,645 shares of the company's stock, valued at approximately $19,790,941.50. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company's stock.

Williams Companies Price Performance

Shares of WMB stock traded down $1.69 during trading hours on Monday, reaching $57.66. 6,888,727 shares of the company were exchanged, compared to its average volume of 7,895,608. Williams Companies, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $63.45. The stock's fifty day moving average is $59.39 and its two-hundred day moving average is $58.16. The company has a market cap of $70.31 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.99 and a beta of 0.65. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.05. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.18% and a return on equity of 15.95%. Williams Companies's quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share. Sell-side analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Friday, June 13th. Williams Companies's payout ratio is presently 106.95%.

Williams Companies 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.