Dakota Wealth Management Sells 1,041 Shares of The Williams Companies, Inc. (NYSE:WMB)

Dakota Wealth Management cut its position in The Williams Companies, Inc. (NYSE:WMB) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,400 shares of the pipeline company’s stock after selling 1,041 shares during the quarter. Dakota Wealth Management’s holdings in Williams Companies were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WMB. O Shaughnessy Asset Management LLC raised its holdings in Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after buying an additional 14,672 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Williams Companies by 145.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock valued at $3,716,000 after acquiring an additional 56,509 shares during the last quarter. Brendel Financial Advisors LLC lifted its holdings in shares of Williams Companies by 0.8% during the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after purchasing an additional 419 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Williams Companies during the first quarter worth $2,364,000. Finally, M&G Plc bought a new stake in shares of Williams Companies in the first quarter worth $1,036,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Williams Companies Stock Down 0.2 %

Shares of NYSE WMB opened at $52.50 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The firm has a market cap of $63.98 billion, a PE ratio of 22.06, a P/E/G ratio of 5.87 and a beta of 1.05. The company’s fifty day simple moving average is $47.17 and its 200 day simple moving average is $43.30. The Williams Companies, Inc. has a 12-month low of $32.65 and a 12-month high of $52.85.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $2.34 billion for 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 quarter in the prior year, the firm earned $0.42 EPS. As a group, sell-side analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a yield of 3.62%. Williams Companies’s dividend payout ratio (DPR) is presently 79.83%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Scotiabank raised their target price on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. Seaport Res Ptn downgraded Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays raised their price target on shares of Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Citigroup upped their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. 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 stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Hold” and a consensus price target of $48.62.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.44% of the company’s stock.

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.