Entropy Technologies LP Has $1.49 Million Stock Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Key Points

• Entropy Technologies LP has significantly reduced its holdings in Williams Companies by 69.3%, selling 56,413 shares and retaining 25,000 shares worth approximately $1.49 million.
• Williams Companies reported a Q2 EPS of $0.46, missing analyst expectations of $0.49, while achieving a revenue of $2.78 billion, lower than the forecast of $2.90 billion.
• The company announced a quarterly dividend of $0.50 per share, to be paid on September 29, with an annual yield of 3.5%.

Entropy Technologies LP decreased its holdings in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 69.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,000 shares of the pipeline company's stock after selling 56,413 shares during the quarter. Entropy Technologies LP's holdings in Williams Companies were worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WMB. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Williams Companies by 1.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 577,123 shares of the pipeline company's stock worth $34,489,000 after purchasing an additional 6,816 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Williams Companies by 27.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 402,967 shares of the pipeline company's stock worth $24,081,000 after purchasing an additional 87,031 shares in the last quarter. Kessler Investment Group LLC purchased a new position in Williams Companies during the 1st quarter worth approximately $327,000. Hennion & Walsh Asset Management Inc. grew its position in Williams Companies by 14.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company's stock worth $5,130,000 after purchasing an additional 10,561 shares in the last quarter. Finally, Good Steward Wealth Advisors LLC purchased a new position in Williams Companies during the 1st quarter worth approximately $977,000. Institutional investors and hedge funds own 86.44% of the company's stock.

Insider Buying and Selling at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of Williams Companies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $58.47, for a total value of $263,115.00. Following the transaction, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. This trade represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction 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 completion of the transaction, the senior vice president owned 313,645 shares in the company, valued at $18,718,333.60. This trade represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $507,875 in the last quarter. Insiders own 0.44% of the company's stock.

Analyst Upgrades and Downgrades

WMB has been the topic of several research analyst reports. TD Cowen initiated coverage on shares of Williams Companies in a research report on Monday, July 7th. They set a "buy" rating and a $67.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Williams Companies from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. Scotiabank lifted their target price on shares of Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Williams Companies currently has a consensus rating of "Hold" and an average price target of $62.00.

Williams Companies Stock Down 0.5%

Shares of WMB stock traded down $0.27 on Tuesday, hitting $57.79. The company's stock had a trading volume of 6,564,599 shares, compared to its average volume of 6,905,185. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.54 and a quick ratio of 0.48. Williams Companies, Inc. has a fifty-two week low of $42.79 and a fifty-two week high of $63.45. The firm's fifty day moving average price is $59.19 and its 200-day moving average price is $58.24. The stock has a market capitalization of $70.46 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.93 and a beta of 0.66.

Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, August 4th. The pipeline company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.90 billion. Williams Companies had a return on equity of 16.23% and a net margin of 21.63%. The business's revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a $0.50 dividend. 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 100.50%.

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.