Bartlett & CO. Wealth Management LLC Sells 17,535 Shares of The Williams Companies, Inc. (NYSE:WMB)

Bartlett & CO. Wealth Management LLC lowered its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,621 shares of the pipeline company’s stock after selling 17,535 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Williams Companies were worth $3,954,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. CVA Family Office LLC increased its holdings in 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 acquiring an additional 249 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in Williams Companies by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Williams Companies by 0.8% in 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 purchasing an additional 260 shares in the last quarter. Everett Harris & Co. CA grew its stake in Williams Companies by 1.8% in the first quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after purchasing an additional 275 shares during the period. Finally, Schulhoff & Co. Inc. boosted 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 valued at $697,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Williams Companies Trading Up 1.6 %

NYSE WMB opened at $52.36 on Friday. The stock has a market cap of $63.81 billion, a P/E ratio of 22.47, a PEG ratio of 5.88 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 company’s fifty day simple moving average is $46.29 and its 200-day simple moving average is $42.87. The Williams Companies, Inc. has a 52 week low of $32.65 and a 52 week high of $52.44.

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

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given 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 yield of 3.63%. Williams Companies’s payout ratio is 81.55%.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was 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 at this link. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WMB. Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Scotiabank upped their price target on shares of Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their price objective on Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday. 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 research note on Wednesday, October 2nd. Finally, Morgan Stanley raised 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 research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.46.

About Williams Companies

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.