Fulton Bank N.A. Has $1.10 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Fulton Bank N.A. trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 47.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,365 shares of the pipeline company’s stock after selling 18,499 shares during the quarter. Fulton Bank N.A.’s holdings in Williams Companies were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Williams Companies during the 3rd quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new stake in Williams Companies during the second quarter valued at $34,000. Rosenberg Matthew Hamilton grew its stake in Williams Companies by 50.4% in the third quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 252 shares in the last quarter. Quarry LP acquired a new position in Williams Companies in the 2nd quarter worth about $35,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Williams Companies during the 3rd quarter worth about $38,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMB has been the subject of several recent research reports. UBS Group boosted their price target on Williams Companies from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group increased their price target on shares of Williams Companies from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Mizuho lifted their price objective on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Royal Bank of Canada increased their target price on shares of Williams Companies from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $52.00 to $58.00 in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Williams Companies has an average rating of “Hold” and a consensus target price of $52.07.

Williams Companies Stock Up 1.5 %

Shares of WMB stock opened at $56.40 on Thursday. The Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $60.36. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.67. The firm has a market cap of $68.75 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 5.60 and a beta of 1.06. The stock has a 50 day moving average of $55.61 and a 200-day moving average of $49.03.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a net margin of 27.36% and a return on equity of 15.89%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. On average, equities analysts predict that The Williams Companies, Inc. will post 1.92 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, December 13th. This represents a $1.90 annualized dividend and a yield of 3.37%. Williams Companies’s dividend payout ratio is 80.17%.

Insider Buying and Selling at Williams Companies

In other news, CAO Mary A. Hausman sold 7,951 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $56.30, for a total transaction of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at approximately $1,455,805.40. The trade was a 23.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.44% of the company’s stock.

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.