Williams Companies Inc (NYSE:WMB) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust trimmed its holdings in shares of Williams Companies Inc (NYSE:WMB) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,743 shares of the pipeline company’s stock after selling 2,787 shares during the period. Parkside Financial Bank & Trust’s holdings in Williams Companies were worth $750,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Williams Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,166,384 shares of the pipeline company’s stock valued at $91,836,000 after purchasing an additional 205,510 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Williams Companies by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock valued at $346,152,000 after purchasing an additional 1,124,517 shares in the last quarter. Strs Ohio boosted its position in shares of Williams Companies by 46.5% during the 1st quarter. Strs Ohio now owns 15,341 shares of the pipeline company’s stock valued at $440,000 after purchasing an additional 4,868 shares in the last quarter. Investors Research Corp bought a new position in shares of Williams Companies during the 1st quarter valued at about $85,000. Finally, Brinker Capital Inc. boosted its position in shares of Williams Companies by 289.1% during the 1st quarter. Brinker Capital Inc. now owns 42,735 shares of the pipeline company’s stock valued at $1,227,000 after purchasing an additional 31,751 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors.

Shares of WMB traded up $0.04 during midday trading on Thursday, hitting $23.92. The stock had a trading volume of 105,018 shares, compared to its average volume of 10,935,842. Williams Companies Inc has a fifty-two week low of $20.36 and a fifty-two week high of $30.63. The business has a 50-day simple moving average of $25.97 and a two-hundred day simple moving average of $27.26. The firm has a market cap of $28.94 billion, a P/E ratio of 30.20, a price-to-earnings-growth ratio of 3.77 and a beta of 1.56. The company has a current ratio of 0.60, a quick ratio of 0.56 and a debt-to-equity ratio of 1.22.

Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. On average, analysts expect that Williams Companies Inc will post 0.96 earnings per share for the current fiscal year.

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 given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Thursday, September 12th. Williams Companies’s dividend payout ratio (DPR) is 192.41%.

Several research firms have recently weighed in on WMB. Raymond James upgraded shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Citigroup decreased their target price on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. ValuEngine upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Credit Suisse Group decreased their target price on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Barclays reiterated a “buy” rating and issued a $32.00 target price on shares of Williams Companies in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $30.00.

In other news, VP Ted T. Timmermans sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $26.06, for a total value of $130,300.00. Following the completion of the sale, the vice president now directly owns 18,666 shares of the company’s stock, valued at $486,435.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terrance Lane Wilson purchased 4,000 shares of Williams Companies stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $23.60 per share, with a total value of $94,400.00. Following the completion of the transaction, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The disclosure for this purchase can be found here. Insiders bought 34,000 shares of company stock valued at $798,300 over the last three months. 0.26% of the stock is owned by insiders.

Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

Further Reading: Gross Domestic Product (GDP)

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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