DAVENPORT & Co LLC Sells 5,566 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

DAVENPORT & Co LLC lessened its stake in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,079 shares of the pipeline company's stock after selling 5,566 shares during the quarter. DAVENPORT & Co LLC's holdings in Williams Companies were worth $5,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HWG Holdings LP bought a new stake in shares of Williams Companies during the first quarter worth $26,000. Menard Financial Group LLC acquired a new stake in Williams Companies in the fourth quarter worth about $26,000. Sandy Spring Bank bought a new stake in Williams Companies during the 4th quarter worth about $27,000. Hoey Investments Inc. acquired a new position in Williams Companies during the 4th quarter valued at about $28,000. Finally, Abound Wealth Management boosted its stake in shares of Williams Companies by 119.4% in the 1st quarter. Abound Wealth Management now owns 634 shares of the pipeline company's stock valued at $38,000 after purchasing an additional 345 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Williams Companies Stock Down 1.1%

NYSE WMB traded down $0.68 during trading hours on Friday, reaching $58.47. 4,606,763 shares of the company's stock were exchanged, compared to its average volume of 7,028,907. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.36 and a current ratio of 0.40. Williams Companies, Inc. has a one year low of $40.41 and a one year high of $63.45. The company's 50-day moving average is $59.52 and its two-hundred day moving average is $57.76. The company has a market capitalization of $71.29 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 4.37 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 analysts' consensus estimates of $0.55 by $0.05. The business 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%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, analysts forecast that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies's dividend payout ratio (DPR) is 106.95%.

Insider Activity

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 315,645 shares in the company, valued at approximately $19,790,941.50. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMB. Scotiabank increased their price objective on shares of Williams Companies from $52.00 to $59.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Wells Fargo & Company increased their price target on Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Wolfe Research raised Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $63.00 price objective on shares of Williams Companies in a report on Friday, May 16th. Finally, Barclays raised their target price on Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $61.25.

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.