Catalina Capital Group LLC Sells 4,763 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Catalina Capital Group LLC reduced its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 53.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,137 shares of the pipeline company's stock after selling 4,763 shares during the quarter. Catalina Capital Group LLC's holdings in Williams Companies were worth $247,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC boosted its stake in Williams Companies by 1.0% in the fourth quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock valued at $968,000 after acquiring an additional 183 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of Williams Companies by 0.6% in the 4th quarter. AMG National Trust Bank now owns 30,813 shares of the pipeline company's stock worth $1,669,000 after purchasing an additional 186 shares during the period. Napa Wealth Management lifted its stake in Williams Companies by 2.7% in the fourth quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock valued at $389,000 after purchasing an additional 190 shares during the last quarter. Tower Wealth Partners Inc. lifted its stake in Williams Companies by 4.3% in the fourth quarter. Tower Wealth Partners Inc. now owns 4,591 shares of the pipeline company's stock valued at $248,000 after purchasing an additional 191 shares during the last quarter. Finally, Mirador Capital Partners LP grew its holdings in Williams Companies by 1.2% during the first quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock valued at $999,000 after purchasing an additional 196 shares during the period. Institutional investors own 86.44% of the company's stock.

Williams Companies Price Performance

Williams Companies stock traded up $0.60 during midday trading on Thursday, reaching $59.10. 7,878,912 shares of the stock were exchanged, compared to its average volume of 6,812,608. Williams Companies, Inc. has a 52 week low of $40.41 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40. The firm has a market cap of $72.06 billion, a PE ratio of 31.60, a PEG ratio of 4.32 and a beta of 0.65. The company's fifty day moving average is $58.89 and its 200-day moving average is $57.38.

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

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. Williams Companies's payout ratio is currently 106.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WMB shares. Morgan Stanley boosted their target price on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Barclays boosted their price objective on Williams Companies from $56.00 to $58.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Wells Fargo & Company increased their target price on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Finally, Citigroup upped their price target on shares of Williams Companies from $63.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.

Williams Companies Company 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.