Raleigh Capital Management Inc. Sells 18,130 Shares of The Williams Companies, Inc. (NYSE:WMB)

Raleigh Capital Management Inc. lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 43.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,133 shares of the pipeline company’s stock after selling 18,130 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Williams Companies were worth $1,056,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Fisher Asset Management LLC bought a new stake in Williams Companies during the 4th quarter valued at about $322,000. International Assets Investment Management LLC boosted its stake in Williams Companies by 78.6% during the 1st quarter. International Assets Investment Management LLC now owns 18,055 shares of the pipeline company’s stock valued at $702,000 after purchasing an additional 7,946 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Williams Companies by 44.3% in the 1st quarter. AdvisorNet Financial Inc now owns 4,811 shares of the pipeline company’s stock worth $187,000 after purchasing an additional 1,477 shares in the last quarter. Riverview Trust Co bought a new position in shares of Williams Companies during the first quarter valued at $117,000. Finally, Beech Hill Advisors Inc. boosted its position in shares of Williams Companies by 1.0% during the first quarter. Beech Hill Advisors Inc. now owns 37,060 shares of the pipeline company’s stock valued at $1,444,000 after buying an additional 385 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WMB shares. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. UBS Group boosted their target price on shares of Williams Companies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Morgan Stanley upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $52.00 to $58.00 in a research note on Friday, October 4th. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays boosted their price target on Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average price target of $47.46.

Insider Buying and Selling

In related news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies 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 completion of the transaction, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.44% of the stock is owned by corporate insiders.

Williams Companies Stock Down 0.7 %

Shares of WMB opened at $52.00 on Tuesday. The business’s 50 day simple moving average is $46.46 and its 200-day simple moving average is $42.98. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $52.82. 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 $63.38 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 5.88 and a beta of 1.05.

Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. As a group, equities analysts expect that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The business also recently announced 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. This represents a $1.90 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio is currently 79.83%.

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.