Dakota Wealth Management Sells 1,041 Shares of The Williams Companies, Inc. (NYSE:WMB)

Dakota Wealth Management lessened its stake in The Williams Companies, Inc. (NYSE:WMB) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,400 shares of the pipeline company’s stock after selling 1,041 shares during the quarter. Dakota Wealth Management’s holdings in Williams Companies were worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CVA Family Office LLC boosted its position in Williams Companies by 18.7% during the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock worth $72,000 after acquiring an additional 249 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Williams Companies by 2.8% in the second quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock valued at $395,000 after buying an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Williams Companies by 0.8% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock worth $1,326,000 after buying an additional 260 shares during the last quarter. Everett Harris & Co. CA raised its position in Williams Companies by 1.8% during the first quarter. Everett Harris & Co. CA now owns 15,175 shares of the pipeline company’s stock worth $591,000 after acquiring an additional 275 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in Williams Companies by 3.5% in the third quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock valued at $368,000 after acquiring an additional 275 shares during the last quarter. 86.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMB has been the topic of several recent analyst reports. Seaport Res Ptn lowered shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Citigroup upped their price objective on Williams Companies from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group lifted their target price on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Scotiabank increased their price target on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price objective 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Williams Companies has a consensus rating of “Hold” and a consensus price target of $48.62.

Williams Companies Trading Down 0.2 %

WMB opened at $52.50 on Friday. The stock has a market capitalization of $63.98 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 5.87 and a beta of 1.05. The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of 1.64. The Williams Companies, Inc. has a twelve month low of $32.65 and a twelve month high of $52.85. The company has a 50-day simple moving average of $47.17 and a 200 day simple moving average of $43.30.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Analysts predict that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, September 13th. Williams Companies’s dividend payout ratio is presently 79.83%.

Insider Activity

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total transaction of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares in the company, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.44% of the company’s stock.

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.