Swiss National Bank Has $205.46 Million Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Key Points

• The Swiss National Bank reduced its investment in Williams Companies by 0.2%, holding 3,438,000 shares valued at approximately $205 million after selling 5,500 shares in Q1.
• Williams Companies reported a quarterly EPS of $0.46, missing analyst estimates of $0.49, and a revenue of $2.78 billion, below the expected $2.90 billion.
• The company announced a quarterly dividend of $0.50, representing an annualized dividend yield of 3.5% and a payout ratio of 100.50%.

Swiss National Bank cut its position in Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,438,000 shares of the pipeline company's stock after selling 5,500 shares during the quarter. Swiss National Bank owned about 0.28% of Williams Companies worth $205,455,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WMB. Menard Financial Group LLC bought a new stake in Williams Companies in the 4th quarter valued at about $26,000. HWG Holdings LP bought a new stake in Williams Companies in the 1st quarter valued at about $26,000. Iron Horse Wealth Management LLC lifted its position in 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 purchasing an additional 494 shares during the last quarter. Abound Financial LLC bought a new stake in Williams Companies in the 1st quarter valued at about $32,000. Finally, Hughes Financial Services LLC bought a new stake in Williams Companies in the 1st quarter valued at about $32,000. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Up 0.4%

Shares of WMB stock traded up $0.21 on Monday, reaching $58.10. 4,764,395 shares of the company's stock traded hands, compared to its average volume of 7,803,443. The company has a market capitalization of $70.84 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.92 and a beta of 0.66. Williams Companies, Inc. has a 12-month low of $42.79 and a 12-month high of $63.45. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The business's 50 day moving average price is $59.32 and its two-hundred day moving average price is $58.25.

Williams Companies (NYSE:WMB - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The pipeline company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The firm's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, equities analysts forecast that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 12th. Williams Companies's dividend payout ratio (DPR) is currently 100.50%.

Analyst Upgrades and Downgrades

WMB has been the topic of several research analyst reports. Wall Street Zen cut shares of Williams Companies from a "hold" rating to a "sell" rating in a research note on Saturday. Wolfe Research raised shares of Williams Companies from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 13th. TD Cowen initiated coverage on shares of Williams Companies in a research note on Monday, July 7th. They set a "buy" rating and a $67.00 target price on the stock. Wells Fargo & Company raised 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. Finally, Scotiabank raised 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.00.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $59.68, for a total transaction of $119,360.00. Following the completion of the sale, the senior vice president directly owned 313,645 shares in the company, valued at approximately $18,718,333.60. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.44% of the company's stock.

Williams Companies Company 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.