Bogart Wealth LLC Sells 32,722 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Bogart Wealth LLC cut its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,096 shares of the pipeline company's stock after selling 32,722 shares during the quarter. Bogart Wealth LLC's holdings in Williams Companies were worth $7,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Williams Companies by 40.9% in the fourth quarter. Brighton Jones LLC now owns 13,680 shares of the pipeline company's stock valued at $740,000 after purchasing an additional 3,969 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Williams Companies in the fourth quarter valued at about $327,000. Independent Advisor Alliance raised its holdings in shares of Williams Companies by 36.5% in the fourth quarter. Independent Advisor Alliance now owns 19,232 shares of the pipeline company's stock valued at $1,041,000 after purchasing an additional 5,138 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in Williams Companies by 0.9% during the fourth quarter. Great Lakes Advisors LLC now owns 47,714 shares of the pipeline company's stock worth $2,582,000 after buying an additional 408 shares during the last quarter. Finally, Hills Bank & Trust Co purchased a new stake in Williams Companies during the fourth quarter worth about $137,000. 86.44% of the stock is owned by institutional investors.

Williams Companies Trading Up 0.8%

NYSE:WMB opened at $58.25 on Monday. The company has a fifty day moving average of $59.37 and a 200 day moving average of $58.01. Williams Companies, Inc. has a 52 week low of $40.41 and a 52 week high of $63.45. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $71.03 billion, a P/E ratio of 31.15, a P/E/G ratio of 4.30 and a beta of 0.65.

Williams Companies (NYSE:WMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $3.05 billion during 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%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. On average, research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Friday, June 13th. Williams Companies's dividend payout ratio is presently 106.95%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMB. Scotiabank lifted their target price on shares of Williams Companies from $52.00 to $59.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Barclays raised their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Royal Bank Of Canada restated an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a research report on Friday, May 16th. Morgan Stanley raised their price objective 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. Finally, Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.69.

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.

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