Williams Companies Inc (NYSE:WMB) Holdings Reduced by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC lowered its position in Williams Companies Inc (NYSE:WMB) by 3.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,480 shares of the pipeline company’s stock after selling 1,800 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Williams Companies were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in WMB. JNBA Financial Advisors increased its stake in shares of Williams Companies by 68.6% during the fourth quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 480 shares during the period. Claybrook Capital LLC acquired a new position in shares of Williams Companies during the fourth quarter valued at approximately $26,000. JOYN Advisors Inc. grew its position in Williams Companies by 57.9% in the fourth quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 463 shares during the last quarter. Oakworth Capital Inc. grew its position in Williams Companies by 381.7% in the fourth quarter. Oakworth Capital Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,000 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in Williams Companies in the fourth quarter worth approximately $29,000. Institutional investors own 90.08% of the company’s stock.

Shares of NYSE:WMB traded down $0.26 during trading on Wednesday, reaching $27.63. 6,807,356 shares of the company traded hands, compared to its average volume of 7,258,716. The firm has a market capitalization of $33.32 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 4.37 and a beta of 1.70. Williams Companies Inc has a 1-year low of $20.36 and a 1-year high of $32.22. The company has a quick ratio of 0.28, a current ratio of 0.31 and a debt-to-equity ratio of 1.32.

Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.30 billion. Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Equities research analysts expect that Williams Companies Inc will post 0.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, June 6th. Williams Companies’s dividend payout ratio (DPR) is currently 192.41%.

In other Williams Companies news, Director Stephen I. Chazen acquired 10,000 shares of Williams Companies stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $27.33 per share, with a total value of $273,300.00. Following the purchase, the director now owns 45,730 shares in the company, valued at $1,249,800.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Walter J. Bennett sold 14,859 shares of Williams Companies stock in a transaction on Monday, February 25th. The shares were sold at an average price of $27.13, for a total transaction of $403,124.67. Following the completion of the sale, the insider now directly owns 116,881 shares of the company’s stock, valued at approximately $3,170,981.53. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

WMB has been the topic of several recent research reports. Zacks Investment Research lowered shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. Mizuho set a $32.00 price target on shares of Williams Companies and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Evercore ISI began coverage on shares of Williams Companies in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Finally, Bank of America set a $30.00 price objective on shares of Williams Companies and gave the stock a “buy” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.33.

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Williams Companies Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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

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