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

Parkside Financial Bank & Trust trimmed its holdings in Williams Companies Inc (NYSE:WMB) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,920 shares of the pipeline company’s stock after selling 1,823 shares during the period. Parkside Financial Bank & Trust’s holdings in Williams Companies were worth $600,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cresset Asset Management LLC boosted its position in Williams Companies by 2,785.6% during the 2nd quarter. Cresset Asset Management LLC now owns 117,617 shares of the pipeline company’s stock valued at $3,298,000 after purchasing an additional 113,541 shares during the period. Westpac Banking Corp lifted its holdings in shares of Williams Companies by 26.1% in the second quarter. Westpac Banking Corp now owns 108,136 shares of the pipeline company’s stock valued at $3,032,000 after buying an additional 22,355 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Williams Companies by 19.0% in the third quarter. Lindbrook Capital LLC now owns 2,886 shares of the pipeline company’s stock valued at $69,000 after buying an additional 461 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Williams Companies by 10.5% in the second quarter. Bahl & Gaynor Inc. now owns 2,761,351 shares of the pipeline company’s stock valued at $77,428,000 after buying an additional 263,273 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Williams Companies in the second quarter valued at $71,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:WMB traded down $0.04 during trading hours on Friday, hitting $22.09. 15,132,547 shares of the company’s stock traded hands, compared to its average volume of 7,662,424. The firm has a market cap of $27.82 billion, a P/E ratio of 27.96, a P/E/G ratio of 3.61 and a beta of 1.54. Williams Companies Inc has a twelve month low of $20.36 and a twelve month high of $29.55. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.39 and a current ratio of 0.43. The stock’s fifty day moving average price is $23.36 and its two-hundred day moving average price is $25.60.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, October 30th. The pipeline company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Williams Companies had a return on equity of 6.95% and a net margin of 1.87%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, equities research analysts predict that Williams Companies Inc will post 0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Thursday, December 12th. Williams Companies’s dividend payout ratio is 192.41%.

Several analysts have recently weighed in on WMB shares. TD Securities started coverage on Williams Companies in a report on Wednesday, October 2nd. They issued a “buy” rating for the company. Barclays reissued a “buy” rating and set a $28.00 price target on shares of Williams Companies in a research report on Wednesday, October 16th. Raymond James dropped their price target on Williams Companies from $33.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, October 23rd. Credit Suisse Group dropped their price target on Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Argus lowered Williams Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $28.28.

In related news, Director Stephen W. Bergstrom purchased 10,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $22.99 per share, for a total transaction of $229,900.00. Following the completion of the acquisition, the director now owns 54,965 shares of the company’s stock, valued at $1,263,645.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company’s stock.

About Williams Companies

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.

See Also: Retained Earnings

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

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