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

Horan Capital Advisors LLC. cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,953 shares of the pipeline company’s stock after selling 2,511 shares during the period. Williams Companies makes up about 2.2% of Horan Capital Advisors LLC.’s holdings, making the stock its 11th biggest position. Horan Capital Advisors LLC.’s holdings in Williams Companies were worth $6,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC increased its position in shares of Williams Companies by 97.7% in the first quarter. Intech Investment Management LLC now owns 24,333 shares of the pipeline company’s stock worth $948,000 after acquiring an additional 12,022 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Williams Companies during the 1st quarter valued at $218,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Williams Companies by 15.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after purchasing an additional 14,672 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Williams Companies by 74.9% in the first quarter. Bessemer Group Inc. now owns 79,126 shares of the pipeline company’s stock worth $3,084,000 after buying an additional 33,888 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in Williams Companies by 4.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,519,828 shares of the pipeline company’s stock valued at $59,268,000 after buying an additional 71,359 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the 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 sale, the senior vice president now owns 304,200 shares in the company, valued at $13,777,218. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $56.30, for a total value of $447,641.30. Following the completion of the transaction, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by corporate insiders.

Williams Companies Price Performance

Shares of NYSE:WMB opened at $57.86 on Tuesday. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 5.83 and a beta of 1.03. The business has a 50 day moving average price of $50.20 and a 200 day moving average price of $45.17. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $58.10.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $0.45 earnings per share. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts predict that The Williams Companies, Inc. will post 1.91 earnings per share for the current year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.28%. Williams Companies’s dividend payout ratio is 80.17%.

Analysts Set New Price Targets

WMB has been the topic of several research analyst reports. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They set a “buy” rating and a $55.00 target price on the stock. Barclays increased their target price on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Mizuho boosted their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 4th. UBS Group lifted their price objective on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley raised 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 note on Friday, October 4th. One 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’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.54.

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.