Williams Companies Inc (WMB) Director Kathleen B. Cooper Sells 9,760 Shares

Williams Companies Inc (NYSE:WMB) Director Kathleen B. Cooper sold 9,760 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $25.60, for a total value of $249,856.00. Following the transaction, the director now owns 41,887 shares of the company’s stock, valued at approximately $1,072,307.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

WMB stock traded down $0.24 during midday trading on Friday, hitting $25.32. The stock had a trading volume of 10,366,010 shares, compared to its average volume of 9,057,322. Williams Companies Inc has a 52-week low of $23.54 and a 52-week high of $33.67. The stock has a market cap of $30.94 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 5.11 and a beta of 1.57. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the firm posted $0.04 earnings per share. Equities research analysts expect that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.34 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.37%. Williams Companies’s dividend payout ratio is currently 215.87%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP grew its stake in shares of Williams Companies by 764.2% in the second quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock worth $4,520,000 after acquiring an additional 147,452 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in Williams Companies by 47.0% in the third quarter. State Treasurer State of Michigan now owns 360,386 shares of the pipeline company’s stock valued at $9,799,000 after acquiring an additional 115,300 shares during the period. Botty Investors LLC lifted its holdings in Williams Companies by 104.6% in the third quarter. Botty Investors LLC now owns 58,831 shares of the pipeline company’s stock valued at $1,600,000 after acquiring an additional 30,077 shares during the period. Patriot Wealth Management Inc. lifted its holdings in Williams Companies by 2.4% in the third quarter. Patriot Wealth Management Inc. now owns 297,011 shares of the pipeline company’s stock valued at $8,076,000 after acquiring an additional 6,849 shares during the period. Finally, Tredje AP fonden lifted its holdings in Williams Companies by 97.9% in the second quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock valued at $8,338,000 after acquiring an additional 152,119 shares during the period. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on WMB shares. UBS Group upped their price target on Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Stifel Nicolaus started coverage on Williams Companies in a research note on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target on the stock. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. Seaport Global Securities started coverage on Williams Companies in a research note on Friday, October 19th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Zacks Investment Research reaffirmed a “buy” rating and issued a $29.00 price target on shares of Williams Companies in a research note on Saturday, November 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $32.76.

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About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.

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