Trivium Point Advisory LLC Grows Position in Williams Companies, Inc. (The) (NYSE:WMB)

Trivium Point Advisory LLC grew its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 12.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,851 shares of the pipeline company’s stock after purchasing an additional 15,053 shares during the period. Williams Companies comprises approximately 1.0% of Trivium Point Advisory LLC’s investment portfolio, making the stock its 16th largest holding. Trivium Point Advisory LLC’s holdings in Williams Companies were worth $8,238,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Williams Companies by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 131,163,184 shares of the pipeline company’s stock valued at $7,838,312,000 after buying an additional 807,019 shares in the last quarter. Blackstone Inc. lifted its position in shares of Williams Companies by 36.5% during the 4th quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company’s stock valued at $1,025,795,000 after buying an additional 5,068,738 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Williams Companies by 5.6% during the 1st quarter. Deutsche Bank AG now owns 17,520,491 shares of the pipeline company’s stock valued at $1,047,025,000 after buying an additional 932,998 shares in the last quarter. Northern Trust Corp lifted its position in shares of Williams Companies by 12.5% during the 4th quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company’s stock valued at $824,623,000 after buying an additional 1,696,618 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Williams Companies by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,339,078 shares of the pipeline company’s stock valued at $677,623,000 after buying an additional 3,519,370 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMB. Wall Street Zen lowered Williams Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Wells Fargo & Company increased their price objective on Williams Companies from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $63.00 price objective on shares of Williams Companies in a research note on Tuesday, July 15th. Wolfe Research raised Williams Companies from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Finally, Scotiabank increased their price objective on Williams Companies from $59.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.00.

Williams Companies Stock Performance

Shares of WMB opened at $57.84 on Thursday. The stock has a 50-day simple moving average of $59.14 and a 200-day simple moving average of $58.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.48 and a current ratio of 0.54. The stock has a market capitalization of $70.53 billion, a PE ratio of 29.07, a PEG ratio of 1.92 and a beta of 0.66. Williams Companies, Inc. has a 1 year low of $42.82 and a 1 year high of $63.45.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, August 4th. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a net margin of 21.63% and a return on equity of 16.23%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. On average, analysts predict that Williams Companies, Inc. will post 2.08 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, September 12th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 12th. This represents a $2.00 annualized dividend and a yield of 3.5%. Williams Companies’s payout ratio is presently 100.50%.

Insider Activity at Williams Companies

In related news, COO Larry C. Larsen sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $58.47, for a total transaction of $263,115.00. Following the completion of the sale, the chief operating officer owned 77,612 shares in the company, valued at $4,537,973.64. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terrance Lane Wilson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $59.68, for a total value of $119,360.00. Following the completion of the sale, the senior vice president owned 313,645 shares of the company’s stock, valued at approximately $18,718,333.60. This represents a 0.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock valued at $507,875. 0.44% of the stock is owned by company insiders.

Williams Companies Company 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.