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Williams Companies, Inc. (The) (NYSE:WMB) Shares Sold by Equity Investment Corp

Williams Companies logo with Energy background

Equity Investment Corp decreased its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,087,951 shares of the pipeline company's stock after selling 41,651 shares during the quarter. Equity Investment Corp owned 0.09% of Williams Companies worth $65,016,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WMB. EP Wealth Advisors LLC increased its stake in shares of Williams Companies by 1.0% during the 4th quarter. EP Wealth Advisors LLC now owns 17,889 shares of the pipeline company's stock worth $968,000 after purchasing an additional 183 shares in the last quarter. Castleview Partners LLC grew its holdings in Williams Companies by 4.2% during the 1st quarter. Castleview Partners LLC now owns 4,492 shares of the pipeline company's stock valued at $268,000 after buying an additional 183 shares during the last quarter. Napa Wealth Management increased its position in Williams Companies by 2.7% during the fourth quarter. Napa Wealth Management now owns 7,190 shares of the pipeline company's stock worth $389,000 after buying an additional 190 shares in the last quarter. Mirador Capital Partners LP raised its holdings in shares of Williams Companies by 1.2% in the first quarter. Mirador Capital Partners LP now owns 16,712 shares of the pipeline company's stock worth $999,000 after acquiring an additional 196 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of Williams Companies by 13.3% in the first quarter. Perkins Coie Trust Co now owns 1,700 shares of the pipeline company's stock valued at $102,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 86.44% of the company's stock.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company's stock in a transaction dated 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 approximately $19,790,941.50. This represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMB has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Williams Companies from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Morgan Stanley boosted their price objective on shares of Williams Companies from $58.00 to $70.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Royal Bank Of Canada restated an "outperform" rating and set a $63.00 target price on shares of Williams Companies in a research report on Tuesday. Scotiabank boosted their price target on Williams Companies from $59.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday. Finally, Wolfe Research upgraded Williams Companies from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.77.

Check Out Our Latest Report on Williams Companies

Williams Companies Stock Up 0.2%

NYSE:WMB traded up $0.11 on Wednesday, reaching $58.48. The stock had a trading volume of 5,573,548 shares, compared to its average volume of 7,113,572. The company has a 50-day moving average of $59.35 and a 200 day moving average of $58.05. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. The stock has a market cap of $71.31 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 4.31 and a beta of 0.65. Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $63.45.

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 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 firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm earned $0.59 EPS. Williams Companies's quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.42%. Williams Companies's dividend payout ratio (DPR) is 106.95%.

Williams Companies Profile

(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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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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