Williams Companies, Inc. (The) (NYSE:WMB) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV cut its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 20.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,175 shares of the pipeline company's stock after selling 14,041 shares during the period. Forte Capital LLC ADV's holdings in Williams Companies were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Menard Financial Group LLC purchased a new stake in shares of Williams Companies in the 4th quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in shares of Williams Companies in the 1st quarter valued at $26,000. Sandy Spring Bank acquired a new position in shares of Williams Companies in the 4th quarter valued at $27,000. Hoey Investments Inc. acquired a new position in shares of Williams Companies in the 4th quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Williams Companies by 4,490.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 505 shares of the pipeline company's stock valued at $30,000 after buying an additional 494 shares in the last quarter. 86.44% of the stock is owned by hedge funds and other institutional investors.

Williams Companies Price Performance

Shares of WMB traded up $1.29 during mid-day trading on Friday, hitting $59.38. The company's stock had a trading volume of 7,919,170 shares, compared to its average volume of 7,121,070. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $63.45. The firm has a market capitalization of $72.41 billion, a P/E ratio of 31.75, a P/E/G ratio of 4.33 and a beta of 0.65. The firm has a 50-day simple moving average of $59.36 and a 200 day simple moving average of $58.08.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Monday, May 5th. The pipeline company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $0.59 earnings per share. Williams Companies's quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Friday, June 13th. Williams Companies's dividend payout ratio is currently 106.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Morgan Stanley raised their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Barclays raised their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. 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, Royal Bank Of Canada reissued an "outperform" rating and set a $63.00 price objective on shares of Williams Companies in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Williams Companies has an average rating of "Moderate Buy" and an average target price of $61.77.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $62.70, for a total transaction of $125,400.00. Following the sale, the senior vice president owned 315,645 shares of the company's stock, valued at approximately $19,790,941.50. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.44% of the company's stock.

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.