Mitchell & Pahl Private Wealth LLC Decreases Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Mitchell & Pahl Private Wealth LLC cut its position in The Williams Companies, Inc. (NYSE:WMB) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,821 shares of the pipeline company’s stock after selling 324 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Williams Companies were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after purchasing an additional 1,175,628 shares during the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Williams Companies by 1.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after acquiring an additional 144,713 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock valued at $410,064,000 after acquiring an additional 311,530 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its holdings in Williams Companies by 13.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock valued at $332,828,000 after acquiring an additional 1,010,658 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Williams Companies by 8.8% in the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock valued at $325,726,000 after acquiring an additional 618,056 shares during the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Trading Up 0.2 %

Williams Companies stock traded up $0.12 during trading on Thursday, hitting $51.49. The company had a trading volume of 2,255,395 shares, compared to its average volume of 6,266,451. The stock has a market cap of $62.75 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 7.10 and a beta of 1.05. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.17. The company’s 50 day simple moving average is $45.95 and its 200-day simple moving average is $42.69.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. As a group, analysts expect that The Williams Companies, Inc. will post 1.9 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.69%. Williams Companies’s dividend payout ratio is presently 81.55%.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WMB. Bank of America initiated coverage on Williams Companies in a research report on Thursday. They issued a “buy” rating and a $55.00 price target for the company. UBS Group upped their target price on Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. StockNews.com lowered Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $52.00 to $58.00 in a research report on Friday, October 4th. Finally, Royal Bank of Canada raised their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.46.

Williams Companies 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.