Chicago Partners Investment Group LLC Reduces Stake in Williams Companies, Inc. (The) (NYSE:WMB)

Chicago Partners Investment Group LLC decreased its position in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 57.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,296 shares of the pipeline company’s stock after selling 8,409 shares during the period. Chicago Partners Investment Group LLC’s holdings in Williams Companies, Inc. (The) were worth $194,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WMB. SeaBridge Investment Advisors LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter worth approximately $109,000. Massey Quick & Co. LLC bought a new stake in Williams Companies, Inc. (The) during the first quarter worth approximately $121,000. Acrospire Investment Management LLC raised its stake in Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock worth $139,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock worth $143,000 after buying an additional 2,573 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Williams Companies, Inc. (The) by 300.7% in the second quarter. CWM LLC now owns 4,893 shares of the pipeline company’s stock worth $148,000 after buying an additional 3,672 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Williams Companies, Inc. (NYSE WMB) traded down 0.03% on Friday, reaching $29.07. The company had a trading volume of 4,842,778 shares. The company has a 50-day moving average of $30.84 and a 200 day moving average of $29.72. The stock has a market cap of $24.03 billion, a price-to-earnings ratio of 45.85 and a beta of 1.38. Williams Companies, Inc. has a one year low of $26.89 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.06. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.26 billion. Williams Companies, Inc. (The) had a net margin of 6.24% and a return on equity of 3.43%. During the same quarter in the previous year, the business posted $0.19 earnings per share. On average, equities research analysts predict that Williams Companies, Inc. will post $1.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Friday, September 8th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, September 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 196.72%.

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A number of analysts have issued reports on WMB shares. Scotiabank reissued a “hold” rating and issued a $30.00 price target on shares of Williams Companies, Inc. (The) in a research note on Thursday, April 27th. Wells Fargo & Company upgraded Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a report on Monday, May 8th. Zacks Investment Research downgraded Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Sanford C. Bernstein started coverage on Williams Companies, Inc. (The) in a report on Tuesday, May 16th. They issued an “outperform” rating on the stock. Finally, Jefferies Group LLC set a $34.00 price objective on Williams Companies, Inc. (The) and gave the stock a “buy” rating in a report on Friday, June 16th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.00.

In related news, VP Ted T. Timmermans sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $30.66, for a total transaction of $61,320.00. Following the sale, the vice president now owns 11,094 shares of the company’s stock, valued at approximately $340,142.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen W. Bergstrom acquired 17,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average cost of $28.12 per share, for a total transaction of $499,130.00. Following the purchase, the director now directly owns 17,750 shares in the company, valued at approximately $499,130. The disclosure for this purchase can be found here. In the last three months, insiders bought 37,750 shares of company stock worth $1,076,480. 0.53% of the stock is currently owned by company insiders.

Williams Companies, Inc. (The) Company Profile

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.