Parr Mcknight Wealth Management Group LLC Sells 28,023 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Parr Mcknight Wealth Management Group LLC reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 24.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,977 shares of the pipeline company's stock after selling 28,023 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Williams Companies were worth $5,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in Williams Companies during the 1st quarter valued at $26,000. Menard Financial Group LLC bought a new stake in Williams Companies during the 4th quarter valued at $26,000. Sandy Spring Bank bought a new stake in Williams Companies during the 4th quarter valued at $27,000. Hoey Investments Inc. purchased a new position in Williams Companies during the 4th quarter valued at $28,000. Finally, Abound Financial LLC bought a new position in Williams Companies in the 1st quarter worth $32,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Up 1.1%

WMB stock traded up $0.63 during trading on Friday, hitting $58.41. 2,816,493 shares of the stock traded hands, compared to its average volume of 7,070,314. Williams Companies, Inc. has a 1 year low of $40.41 and a 1 year high of $63.45. The firm's 50 day moving average is $59.41 and its two-hundred day moving average is $57.93. The stock has a market cap of $71.22 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 4.27 and a beta of 0.65. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36.

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

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, June 13th. Williams Companies's payout ratio is presently 106.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMB. Wells Fargo & Company upped their price objective on shares of Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. TD Cowen began coverage on shares of Williams Companies in a report on Monday. They issued a "buy" rating and a $67.00 price objective for the company. Wolfe Research upgraded shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a report on Friday, June 13th. Morgan Stanley upped their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Finally, Barclays upped their price objective on shares of Williams Companies from $56.00 to $58.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.69.

Insider Activity

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the firm'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 $19,790,941.50. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is currently owned by insiders.

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.