The Williams Companies, Inc. (NYSE:WMB) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lowered its stake in The Williams Companies, Inc. (NYSE:WMB) by 23.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,122 shares of the pipeline company’s stock after selling 1,878 shares during the period. Valeo Financial Advisors LLC’s holdings in Williams Companies were worth $260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Williams Companies in the 4th quarter worth approximately $306,417,000. O Shaughnessy Asset Management LLC lifted its stake in Williams Companies by 15.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after purchasing an additional 14,672 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Williams Companies by 145.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after purchasing an additional 56,509 shares during the period. ETF Store Inc. increased its stake in Williams Companies by 3.3% during the fourth quarter. ETF Store Inc. now owns 28,444 shares of the pipeline company’s stock valued at $991,000 after purchasing an additional 899 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Williams Companies by 24.5% during the fourth quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock valued at $91,820,000 after purchasing an additional 518,009 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Williams Companies Price Performance

Shares of NYSE:WMB traded up $0.86 during trading on Thursday, reaching $43.86. The company had a trading volume of 5,575,839 shares, compared to its average volume of 6,632,414. The Williams Companies, Inc. has a twelve month low of $32.49 and a twelve month high of $45.10. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.48 and a current ratio of 0.45. The firm has a market capitalization of $53.45 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 6.98 and a beta of 1.05. The firm’s fifty day moving average is $42.30 and its 200 day moving average is $39.10.

Williams Companies (NYSE:WMB) last released its earnings results 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. 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 in the previous year, the company earned $0.42 earnings per share. Williams Companies’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts forecast that The Williams Companies, Inc. will post 1.78 EPS for the current year.

Williams Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Friday, September 13th. Williams Companies’s dividend payout ratio is 79.83%.

Wall Street Analyst Weigh In

Several research firms have recently commented on WMB. Morgan Stanley lifted their price target on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, June 10th. CIBC upped their target price on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Royal Bank of Canada increased their price target on Williams Companies from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Wolfe Research restated an “underperform” rating and set a $34.00 price objective on shares of Williams Companies in a research note on Thursday, April 18th. Finally, US Capital Advisors cut Williams Companies from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.50.

Williams Companies 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.