Barnett & Company Inc. Has $7.24 Million Position in Williams Companies, Inc. (The) (NYSE:WMB)

Key Points

• Barnett & Company Inc. has reduced its stake in Williams Companies, Inc. by 12.1%, owning now 121,065 shares worth approximately $7.24 million, which is 6.0% of its investment portfolio.
• Williams Companies reported a quarterly earnings miss with $0.46 earnings per share, falling short of analysts' expectations of $0.49, amid revenues of $2.78 billion against a forecast of $2.90 billion.
• The company declared a quarterly dividend of $0.50 per share, representing a yield of 3.5%, with an upcoming payment date set for September 29th.

Barnett & Company Inc. decreased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 12.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 121,065 shares of the pipeline company's stock after selling 16,700 shares during the quarter. Williams Companies makes up 6.0% of Barnett & Company Inc.'s investment portfolio, making the stock its 3rd largest position. Barnett & Company Inc.'s holdings in Williams Companies were worth $7,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC boosted its stake in Williams Companies by 1.0% in the 4th quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock worth $968,000 after purchasing an additional 183 shares during the period. Castleview Partners LLC boosted its stake in Williams Companies by 4.2% in the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock worth $268,000 after purchasing an additional 183 shares during the period. Napa Wealth Management boosted its stake in Williams Companies by 2.7% in the 4th quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock worth $389,000 after purchasing an additional 190 shares during the period. Mirador Capital Partners LP boosted its stake in Williams Companies by 1.2% in the 1st quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock worth $999,000 after purchasing an additional 196 shares during the period. Finally, Perkins Coie Trust Co boosted its stake in Williams Companies by 13.3% in the 1st quarter. Perkins Coie Trust Co now owns 1,700 shares of the pipeline company's stock worth $102,000 after purchasing an additional 200 shares during the period. Institutional investors own 86.44% of the company's stock.

Williams Companies Stock Performance

Shares of NYSE WMB opened at $57.89 on Friday. The stock has a market cap of $70.59 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.92 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 1.73. Williams Companies, Inc. has a 1-year low of $42.79 and a 1-year high of $63.45. The stock's 50-day moving average is $59.32 and its 200 day moving average is $58.26.

Williams Companies (NYSE:WMB - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.03). The firm had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. On average, sell-side analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is presently 100.50%.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $59.68, for a total transaction of $119,360.00. Following the transaction, the senior vice president directly owned 313,645 shares in the company, valued at $18,718,333.60. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WMB has been the subject of several analyst reports. Scotiabank raised their target price on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $63.00 price target on shares of Williams Companies in a report on Tuesday, July 15th. Wall Street Zen cut Williams Companies from a "hold" rating to a "sell" rating in a report on Saturday. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Finally, Wells Fargo & Company raised their price target on Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $62.00.

About Williams Companies

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.

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.