Bogart Wealth LLC Has $7.40 Million Stock Holdings in The Williams Companies, Inc. (NYSE:WMB)

Bogart Wealth LLC trimmed its stake in The Williams Companies, Inc. (NYSE:WMB) by 1.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 162,021 shares of the pipeline company’s stock after selling 2,211 shares during the quarter. Bogart Wealth LLC’s holdings in Williams Companies were worth $7,396,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WMB. O Shaughnessy Asset Management LLC raised its holdings in shares of Williams Companies by 15.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock valued at $4,221,000 after purchasing an additional 14,672 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Williams Companies by 145.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 95,359 shares of the pipeline company’s stock valued at $3,716,000 after buying an additional 56,509 shares during the period. Brendel Financial Advisors LLC lifted its position in shares of Williams Companies by 0.8% in the third quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock valued at $2,370,000 after buying an additional 419 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Williams Companies during the 1st quarter worth approximately $2,364,000. Finally, M&G Plc acquired a new position in shares of Williams Companies during the 1st quarter worth approximately $1,036,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

Insider Transactions at Williams Companies

In related news, SVP Terrance Lane Wilson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at $13,777,218. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.44% of the stock is owned by insiders.

Williams Companies Price Performance

WMB traded up $0.01 on Thursday, hitting $52.26. 1,350,158 shares of the stock were exchanged, compared to its average volume of 6,235,107. The firm has a market capitalization of $63.69 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 5.87 and a beta of 1.05. 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 Williams Companies, Inc. has a 12 month low of $32.65 and a 12 month high of $52.82. The business has a 50-day moving average of $46.83 and a two-hundred day moving average of $43.14.

Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Monday, August 5th. The pipeline company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.46 billion. Williams Companies had a net margin of 27.11% and a return on equity of 16.17%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. Sell-side analysts forecast that The Williams Companies, Inc. will post 1.91 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.475 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.64%. Williams Companies’s payout ratio is 81.55%.

Analyst Ratings Changes

Several brokerages have issued reports on WMB. StockNews.com downgraded Williams Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Citigroup raised their target price on shares of Williams Companies from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. CIBC upped their price target on shares of Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group raised their price objective on shares of Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada upped their target price on Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Williams Companies has an average rating of “Hold” and an average price target of $48.62.

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.