Autumn Glory Partners LLC Decreases Holdings in Williams Companies, Inc. (The) (NYSE:WMB)

Autumn Glory Partners LLC reduced its position in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,520 shares of the pipeline company's stock after selling 24,064 shares during the period. Williams Companies accounts for approximately 1.9% of Autumn Glory Partners LLC's holdings, making the stock its 8th biggest position. Autumn Glory Partners LLC's holdings in Williams Companies were worth $3,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Jackson Hole Trust bought a new stake in shares of Williams Companies in the fourth quarter valued at approximately $25,000. Menard Financial Group LLC acquired a new position in Williams Companies during the 4th quarter valued at $26,000. Sandy Spring Bank bought a new stake in Williams Companies in the 4th quarter valued at $27,000. Hoey Investments Inc. bought a new stake in Williams Companies in the 4th quarter valued at $28,000. Finally, Compass Planning Associates Inc acquired a new stake in Williams Companies in the 4th quarter worth $30,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMB. Citigroup lifted their price target on shares of Williams Companies from $63.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Royal Bank Of Canada reiterated an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research report on Friday, May 16th. Morgan Stanley raised their price target on shares of Williams Companies from $58.00 to $70.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Scotiabank lifted their price objective on Williams Companies from $52.00 to $59.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Finally, Wells Fargo & Company increased their target price on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.25.

Williams Companies Price Performance

Shares of WMB traded up $0.60 on Thursday, hitting $59.10. The company's stock had a trading volume of 7,878,912 shares, compared to its average volume of 6,812,608. The company has a market capitalization of $72.06 billion, a PE ratio of 31.60, a PEG ratio of 4.32 and a beta of 0.65. Williams Companies, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $61.67. The company has a 50 day moving average price of $58.89 and a 200 day moving average price of $57.38. 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 issued its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $0.59 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, June 13th. Williams Companies's dividend payout ratio is currently 106.95%.

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.