Greenleaf Trust Has $978,000 Stock Position in The Williams Companies, Inc. (NYSE:WMB)

Greenleaf Trust reduced its stake in The Williams Companies, Inc. (NYSE:WMB) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,425 shares of the pipeline company’s stock after selling 516 shares during the quarter. Greenleaf Trust’s holdings in Williams Companies were worth $978,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its position in Williams Companies by 5.9% during the 1st quarter. Clearbridge Investments LLC now owns 20,983,727 shares of the pipeline company’s stock worth $817,736,000 after buying an additional 1,175,628 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Williams Companies by 1.2% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 12,670,175 shares of the pipeline company’s stock worth $538,482,000 after purchasing an additional 144,713 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Williams Companies by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,648,918 shares of the pipeline company’s stock worth $410,064,000 after purchasing an additional 311,530 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Williams Companies by 13.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 8,540,611 shares of the pipeline company’s stock worth $332,828,000 after purchasing an additional 1,010,658 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in shares of Williams Companies by 8.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 7,664,152 shares of the pipeline company’s stock worth $325,726,000 after purchasing an additional 618,056 shares during the last quarter. 86.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMB shares. 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 boosted their price objective on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. StockNews.com lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Bank of America initiated coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.62.

Williams Companies Stock Performance

Shares of Williams Companies stock opened at $52.62 on Friday. The company has a 50 day moving average of $46.83 and a 200-day moving average of $43.14. The Williams Companies, Inc. has a 1-year low of $32.65 and a 1-year high of $52.82. The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of 1.64. The company has a market cap of $64.13 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05.

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. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Friday, September 13th. Williams Companies’s dividend payout ratio (DPR) is presently 81.55%.

Insider Transactions at Williams Companies

In other news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies 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.