Lindbrook Capital LLC trimmed its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,625 shares of the pipeline company's stock after selling 11,541 shares during the period. Lindbrook Capital LLC's holdings in Williams Companies were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Williams Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company's stock worth $7,054,876,000 after acquiring an additional 1,008,213 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Williams Companies by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 31,263,235 shares of the pipeline company's stock worth $1,687,797,000 after acquiring an additional 540,533 shares during the period. Blackstone Inc. boosted its holdings in shares of Williams Companies by 36.5% in the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company's stock worth $1,025,795,000 after acquiring an additional 5,068,738 shares during the period. Northern Trust Corp boosted its holdings in shares of Williams Companies by 12.5% in the fourth quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company's stock worth $824,623,000 after acquiring an additional 1,696,618 shares during the period. Finally, Norges Bank bought a new position in shares of Williams Companies in the fourth quarter worth $575,103,000. 86.44% of the stock is owned by institutional investors.
Williams Companies Price Performance
Shares of NYSE WMB opened at $59.38 on Friday. Williams Companies, Inc. has a twelve month low of $40.41 and a twelve month high of $63.45. The firm has a market cap of $72.41 billion, a P/E ratio of 31.75, a PEG ratio of 1.99 and a beta of 0.65. The company has a 50 day moving average of $59.39 and a 200 day moving average of $58.14. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 1.63.
Williams Companies (NYSE:WMB - Get Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. As a group, research analysts expect that Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.
Williams Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend 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%.
Insiders Place Their Bets
In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were 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 $19,790,941.50. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.44% of the company's stock.
Analyst Upgrades and Downgrades
WMB has been the topic of a number of recent analyst reports. Scotiabank increased their price objective on Williams Companies from $59.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Morgan Stanley raised their price target on Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 price target on shares of Williams Companies in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their price objective on Williams Companies from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.77.
Check Out Our Latest Stock Analysis on Williams Companies
About Williams Companies
(
Free Report)
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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