First National Trust Co Sells 915 Shares of The Williams Companies, Inc. (NYSE:WMB)

First National Trust Co trimmed its holdings in The Williams Companies, Inc. (NYSE:WMB) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,704 shares of the pipeline company’s stock after selling 915 shares during the period. First National Trust Co’s holdings in Williams Companies were worth $489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC lifted its holdings in Williams Companies by 18.7% during the 3rd quarter. CVA Family Office LLC now owns 1,578 shares of the pipeline company’s stock valued at $72,000 after purchasing an additional 249 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Williams Companies by 50.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 752 shares of the pipeline company’s stock worth $34,000 after buying an additional 252 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Williams Companies by 2.8% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,298 shares of the pipeline company’s stock worth $395,000 after buying an additional 257 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in Williams Companies by 0.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 31,206 shares of the pipeline company’s stock valued at $1,326,000 after buying an additional 260 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in Williams Companies by 3.5% in the 3rd quarter. Whittier Trust Co. now owns 8,061 shares of the pipeline company’s stock valued at $368,000 after acquiring an additional 275 shares during the period. 86.44% of the stock is currently owned by institutional investors.

Williams Companies Stock Down 2.0 %

Shares of WMB opened at $55.60 on Thursday. The firm has a 50 day simple moving average of $49.25 and a two-hundred day simple moving average of $44.66. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.57 and a quick ratio of 0.51. The Williams Companies, Inc. has a one year low of $32.65 and a one year high of $57.33. The company has a market cap of $67.78 billion, a P/E ratio of 23.46, a P/E/G ratio of 5.56 and a beta of 1.03.

Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Williams Companies had a return on equity of 15.89% and a net margin of 27.36%. Williams Companies’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Research analysts forecast that The Williams Companies, Inc. will post 2.01 EPS for the current fiscal year.

Williams Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. Williams Companies’s payout ratio is currently 80.17%.

Insider Activity at Williams Companies

In other Williams Companies news, CAO Mary A. Hausman sold 7,951 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now owns 25,858 shares in the company, valued at $1,455,805.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’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 completion of the transaction, the senior vice president now owns 304,200 shares of the company’s stock, valued at $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mary A. Hausman sold 7,951 shares of Williams Companies stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $56.30, for a total value of $447,641.30. Following the sale, the chief accounting officer now directly owns 25,858 shares in the company, valued at $1,455,805.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WMB shares. 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. Scotiabank upped their price objective on Williams Companies from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Thursday, August 8th. Barclays lifted their target price on Williams Companies from $42.00 to $46.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Bank of America began coverage on shares of Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, CIBC lifted their price objective on shares of Williams Companies from $45.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Williams Companies presently has an average rating of “Hold” and an average price target of $50.38.

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.