Greenleaf Trust Sells 516 Shares of The Williams Companies, Inc. (NYSE:WMB)

Greenleaf Trust lowered its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,425 shares of the pipeline company’s stock after selling 516 shares during the period. Greenleaf Trust’s holdings in Williams Companies were worth $978,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SouthState Corp bought a new position in shares of Williams Companies during the second quarter valued at $31,000. GHP Investment Advisors Inc. bought a new position in shares of Williams Companies during the second quarter valued at $34,000. Quarry LP bought a new position in shares of Williams Companies during the second quarter valued at $35,000. Kimelman & Baird LLC bought a new position in shares of Williams Companies during the second quarter valued at $42,000. Finally, EntryPoint Capital LLC bought a new position in shares of Williams Companies during the first quarter valued at $50,000. Institutional investors own 86.44% of the company’s stock.

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 completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WMB. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Citigroup increased their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. CIBC increased their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group increased their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Barclays increased their price objective 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.62.

Williams Companies Trading Up 0.7 %

NYSE:WMB opened at $52.62 on Friday. The stock has a market capitalization of $64.13 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 5.87 and a beta of 1.05. The firm has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $43.14. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $52.82. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64.

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

Williams Companies Dividend Announcement

The firm 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 3.61%. The ex-dividend date was Friday, September 13th. Williams Companies’s payout ratio is presently 81.55%.

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.