CFM Wealth Partners LLC Sells 3,352 Shares of The Williams Companies, Inc. (NYSE:WMB)

CFM Wealth Partners LLC decreased its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,755 shares of the pipeline company’s stock after selling 3,352 shares during the period. Williams Companies accounts for about 1.7% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 12th largest position. CFM Wealth Partners LLC’s holdings in Williams Companies were worth $8,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in shares of Williams Companies by 6.9% during the third quarter. Acadian Asset Management LLC now owns 37,435 shares of the pipeline company’s stock valued at $1,261,000 after buying an additional 2,416 shares during the last quarter. Dark Forest Capital Management LP raised its position in shares of Williams Companies by 131.8% during the third quarter. Dark Forest Capital Management LP now owns 15,236 shares of the pipeline company’s stock valued at $513,000 after buying an additional 8,663 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Williams Companies by 58.0% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,449 shares of the pipeline company’s stock valued at $1,194,000 after buying an additional 13,010 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Williams Companies by 33.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 77,691 shares of the pipeline company’s stock valued at $2,617,000 after buying an additional 19,502 shares during the last quarter. Finally, Valley National Advisers Inc. raised its position in shares of Williams Companies by 20.8% during the third quarter. Valley National Advisers Inc. now owns 1,803 shares of the pipeline company’s stock valued at $61,000 after buying an additional 310 shares during the last quarter. Institutional investors own 86.44% of the company’s stock.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total value of $1,513,102.00. Following the sale, the senior vice president now owns 60,410 shares in the company, valued at approximately $2,392,840.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.44% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WMB has been the topic of several research reports. Barclays boosted their price target on shares of Williams Companies from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. US Capital Advisors lowered shares of Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Royal Bank of Canada lifted their price objective on shares of Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Williams Companies currently has an average rating of “Hold” and a consensus price target of $41.42.

Williams Companies Stock Down 1.4 %

Shares of WMB traded down $0.61 during mid-day trading on Wednesday, hitting $42.28. 4,932,708 shares of the company traded hands, compared to its average volume of 6,728,423. The Williams Companies, Inc. has a 1-year low of $30.90 and a 1-year high of $43.22. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $51.53 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 6.73 and a beta of 1.05. The business has a 50 day moving average of $40.34 and a 200 day moving average of $37.43.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 6th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a net margin of 27.29% and a return on equity of 16.27%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 earnings per share. Equities research analysts anticipate that The Williams Companies, Inc. will post 1.85 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a $0.475 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.90 dividend on an annualized basis and a yield of 4.49%. Williams Companies’s dividend payout ratio is currently 79.83%.

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.