Parallel Advisors LLC Sells 1,249 Shares of The Williams Companies, Inc. (NYSE:WMB)

Parallel Advisors LLC lowered its holdings in shares of The Williams Companies, Inc. (NYSE:WMB) by 10.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,763 shares of the pipeline company’s stock after selling 1,249 shares during the period. Parallel Advisors LLC’s holdings in Williams Companies were worth $457,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Williams Companies during the fourth quarter worth about $306,417,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings 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 worth $3,716,000 after acquiring an additional 56,509 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of 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 worth $91,820,000 after acquiring an additional 518,009 shares during the period. Finally, Chickasaw Capital Management LLC boosted its holdings in shares of Williams Companies by 3.5% during the first quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock worth $64,091,000 after acquiring an additional 56,013 shares during the period. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WMB shares. Wells Fargo & Company upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $38.00 to $46.00 in a report on Tuesday, June 4th. Scotiabank boosted their price objective on Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th. StockNews.com cut Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Morgan Stanley boosted their price objective on Williams Companies from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, June 10th. Finally, Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.83.

Williams Companies Stock Up 0.2 %

Shares of WMB opened at $45.53 on Wednesday. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.81. The company has a market cap of $55.49 billion, a P/E ratio of 19.13, a P/E/G ratio of 6.19 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $43.91 and a two-hundred day simple moving average of $41.20.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.38 by $0.05. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. Research analysts forecast that The Williams Companies, Inc. will post 1.93 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 4.17%. Williams Companies’s dividend payout ratio (DPR) is presently 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.