Mirador Capital Partners LP Sells 324 Shares of The Williams Companies, Inc. (NYSE:WMB)

Mirador Capital Partners LP reduced its position in shares of The Williams Companies, Inc. (NYSE:WMB) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,048 shares of the pipeline company’s stock after selling 324 shares during the period. Mirador Capital Partners LP’s holdings in Williams Companies were worth $733,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WMB. Blackstone Inc. increased its position in shares of Williams Companies by 109.1% in the first quarter. Blackstone Inc. now owns 6,466,660 shares of the pipeline company’s stock worth $252,006,000 after purchasing an additional 3,373,800 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Williams Companies by 21.3% during the 4th quarter. Wellington Management Group LLP now owns 11,593,482 shares of the pipeline company’s stock worth $403,801,000 after acquiring an additional 2,039,703 shares during the last quarter. Jennison Associates LLC grew its position in Williams Companies by 40.1% in the first quarter. Jennison Associates LLC now owns 5,753,223 shares of the pipeline company’s stock worth $224,203,000 after acquiring an additional 1,647,469 shares in the last quarter. First Financial Bankshares Inc bought a new position in Williams Companies in the fourth quarter valued at $56,223,000. Finally, Castle Hook Partners LP purchased a new stake in Williams Companies during the first quarter valued at about $57,220,000. Institutional investors own 86.44% of the company’s stock.

Williams Companies Stock Up 2.9 %

Shares of WMB stock traded up $1.42 during trading hours on Friday, hitting $49.63. 7,784,941 shares of the company’s stock traded hands, compared to its average volume of 6,314,612. 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 stock has a market cap of $60.49 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 6.54 and a beta of 1.05. The stock’s fifty day simple moving average is $44.75 and its two-hundred day simple moving average is $42.00. The Williams Companies, Inc. has a 12-month low of $32.63 and a 12-month high of $49.67.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts expect that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.475 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.90 annualized dividend and a yield of 3.83%. Williams Companies’s payout ratio is 79.83%.

Insiders Place Their Bets

In other news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on WMB shares. Argus upgraded Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Scotiabank lifted their price target on shares of Williams Companies from $43.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 8th. Seaport Res Ptn cut shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their target price on shares of Williams Companies from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Barclays upped their price target on shares of Williams Companies from $42.00 to $46.00 and gave the company an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Williams Companies has a consensus rating of “Hold” and a consensus target price of $45.23.

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.