1832 Asset Management L.P. Has $142.20 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

1832 Asset Management L.P. decreased its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,345,777 shares of the pipeline company’s stock after selling 438,261 shares during the quarter. 1832 Asset Management L.P. owned about 0.27% of Williams Companies worth $142,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its position in shares of Williams Companies by 15.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after buying an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Williams Companies by 145.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock worth $3,716,000 after buying an additional 56,509 shares during the period. Eagle Asset Management Inc. grew its position in shares of Williams Companies by 24.5% during the 4th quarter. Eagle Asset Management Inc. now owns 2,636,222 shares of the pipeline company’s stock worth $91,820,000 after buying an additional 518,009 shares during the period. Chickasaw Capital Management LLC grew its position in Williams Companies by 3.5% in the 1st quarter. Chickasaw Capital Management LLC now owns 1,644,620 shares of the pipeline company’s stock valued at $64,091,000 after purchasing an additional 56,013 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new stake in Williams Companies in the 1st quarter valued at $2,364,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

WMB has been the subject of several research reports. Seaport Res Ptn downgraded shares of Williams Companies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Morgan Stanley lifted their price target on shares of Williams Companies from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, June 10th. Barclays lifted their price target on shares of Williams Companies from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. Finally, Argus raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.50.

Williams Companies Trading Up 1.1 %

NYSE WMB opened at $45.38 on Friday. The stock has a market capitalization of $55.31 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 6.24 and a beta of 1.05. The Williams Companies, Inc. has a one year low of $32.49 and a one year high of $45.82. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.45 and a quick ratio of 0.39. The business’s fifty day moving average is $44.06 and its 200-day moving average is $41.35.

Williams Companies (NYSE:WMB) last released its earnings results on Monday, August 5th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Williams Companies had a return on equity of 16.17% and a net margin of 27.11%. The business’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 business posted $0.42 EPS. Equities research analysts predict that The Williams Companies, Inc. will post 1.93 EPS for the current year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, September 13th. Williams Companies’s dividend payout ratio is currently 79.83%.

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.