Envestnet Asset Management Inc. Lowers Holdings in Williams Companies Inc (WMB)

Envestnet Asset Management Inc. lessened its position in shares of Williams Companies Inc (NYSE:WMB) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,748 shares of the pipeline company’s stock after selling 10,372 shares during the period. Envestnet Asset Management Inc.’s holdings in Williams Companies were worth $2,482,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WMB. Strs Ohio increased its holdings in Williams Companies by 104.3% during the 2nd quarter. Strs Ohio now owns 23,138 shares of the pipeline company’s stock worth $700,000 after purchasing an additional 11,810 shares in the last quarter. NGAM Advisors L.P. boosted its stake in shares of Williams Companies by 62.6% during the 2nd quarter. NGAM Advisors L.P. now owns 28,978 shares of the pipeline company’s stock worth $877,000 after buying an additional 11,155 shares during the last quarter. Beach Investment Management LLC. boosted its stake in shares of Williams Companies by 30.5% during the 2nd quarter. Beach Investment Management LLC. now owns 50,391 shares of the pipeline company’s stock worth $1,526,000 after buying an additional 11,771 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Williams Companies by 4.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,778,214 shares of the pipeline company’s stock worth $84,125,000 after buying an additional 110,340 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Williams Companies by 37.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 109,462 shares of the pipeline company’s stock worth $3,367,000 after buying an additional 29,794 shares during the last quarter. Hedge funds and other institutional investors own 84.84% of the company’s stock.

Shares of Williams Companies Inc (NYSE:WMB) traded up $0.62 during trading hours on Friday, reaching $29.68. 6,172,800 shares of the company traded hands, compared to its average volume of 6,402,547. Williams Companies Inc has a twelve month low of $26.82 and a twelve month high of $32.69. The firm has a market cap of $24,025.26, a P/E ratio of 49.25, a P/E/G ratio of 3.10 and a beta of 1.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.97 and a quick ratio of 0.91.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts anticipate that Williams Companies Inc will post 0.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 4.04%. Williams Companies’s dividend payout ratio (DPR) is currently 210.53%.

A number of research firms have recently commented on WMB. Morgan Stanley reduced their price objective on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Royal Bank of Canada restated a “buy” rating and set a $36.00 price objective on shares of Williams Companies in a research note on Monday, October 16th. Wolfe Research began coverage on shares of Williams Companies in a research note on Monday, September 25th. They set an “outperform” rating and a $34.00 price objective for the company. Finally, BidaskClub upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Williams Companies currently has an average rating of “Buy” and an average price target of $33.83.

In related news, insider Donald R. Chappel sold 272,088 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $30.32, for a total value of $8,249,708.16. Following the completion of the sale, the insider now directly owns 60,032 shares in the company, valued at approximately $1,820,170.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robyn L. Ewing sold 9,913 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.99, for a total transaction of $297,290.87. Following the sale, the insider now owns 27,090 shares of the company’s stock, valued at $812,429.10. The disclosure for this sale can be found here. Insiders sold a total of 283,501 shares of company stock valued at $8,590,124 over the last quarter. 0.53% of the stock is currently owned by company insiders.

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Williams Companies 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.

Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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