Bartlett & CO. Wealth Management LLC trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB – Free Report) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 81,828 shares of the pipeline company’s stock after selling 4,793 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Williams Companies were worth $4,429,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Williams Companies by 19.0% in the third quarter. Wellington Management Group LLP now owns 35,734,666 shares of the pipeline company’s stock valued at $1,631,288,000 after acquiring an additional 5,697,605 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Williams Companies by 3,490.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,600,239 shares of the pipeline company’s stock valued at $86,605,000 after purchasing an additional 1,555,667 shares during the last quarter. National Bank of Canada FI grew its position in shares of Williams Companies by 224.1% during the 3rd quarter. National Bank of Canada FI now owns 1,334,307 shares of the pipeline company’s stock worth $60,909,000 after buying an additional 922,550 shares during the period. Castle Hook Partners LP raised its stake in shares of Williams Companies by 31.7% during the third quarter. Castle Hook Partners LP now owns 2,989,278 shares of the pipeline company’s stock worth $136,461,000 after buying an additional 718,915 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Williams Companies by 1.7% in the third quarter. Geode Capital Management LLC now owns 30,722,702 shares of the pipeline company’s stock valued at $1,398,004,000 after buying an additional 520,663 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.
Insider Buying and Selling
In related news, CAO Mary A. Hausman sold 7,951 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares in the company, valued at approximately $1,455,805.40. This represents a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Williams Companies
Williams Companies Price Performance
WMB stock opened at $59.58 on Friday. The stock has a 50-day moving average price of $56.33 and a two-hundred day moving average price of $50.12. The Williams Companies, Inc. has a 1 year low of $32.65 and a 1 year high of $61.46. The stock has a market cap of $72.62 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 5.31 and a beta of 1.06. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.67.
Williams Companies (NYSE:WMB – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Equities analysts forecast that The Williams Companies, Inc. will post 1.92 EPS for the current fiscal year.
Williams Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, December 13th. Williams Companies’s dividend payout ratio is presently 80.17%.
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.
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