The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lessened its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,361 shares of the pipeline company’s stock after selling 2,795 shares during the period. Williams Companies accounts for approximately 0.8% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Genesee Capital Advisors LLC’s holdings in Williams Companies were worth $1,614,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMB. CVA Family Office LLC increased its holdings in shares of Williams Companies by 18.7% during the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after buying an additional 249 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Williams Companies by 2.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after buying an additional 257 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Williams Companies by 0.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after buying an additional 260 shares during the last quarter. Everett Harris & Co. CA increased its holdings in shares of Williams Companies by 1.8% during the 1st quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after buying an additional 275 shares during the last quarter. Finally, Schulhoff & Co. Inc. increased its holdings in shares of Williams Companies by 1.6% during the 1st quarter. Schulhoff & Co. Inc. now owns 17,883 shares of the pipeline company’s stock worth $697,000 after buying an additional 276 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Stock Performance

Shares of NYSE:WMB traded down $0.50 on Monday, reaching $51.86. The company’s stock had a trading volume of 1,551,153 shares, compared to its average volume of 6,256,888. The stock’s 50-day moving average is $46.29 and its two-hundred day moving average is $42.89. The Williams Companies, Inc. has a 52-week low of $32.65 and a 52-week high of $52.77. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The stock has a market capitalization of $63.20 billion, a P/E ratio of 22.47, a PEG ratio of 5.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last announced its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. 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 prior year, the company earned $0.42 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.66%. Williams Companies’s dividend payout ratio (DPR) is 81.55%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total transaction of $90,580.00. Following the transaction, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WMB. Scotiabank increased their price objective on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Citigroup lifted their target price on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley upgraded shares of Williams Companies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $58.00 in a report on Friday, October 4th. Bank of America assumed coverage on shares of Williams Companies in a report on Thursday. They issued a “buy” rating and a $55.00 target price for the company. Finally, Barclays lifted their target price on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies currently has an average rating of “Hold” and an average price target of $47.46.

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.