Heritage Wealth Advisors Sells 29,795 Shares of Williams Companies Inc (WMB)

Heritage Wealth Advisors reduced its holdings in Williams Companies Inc (NYSE:WMB) by 39.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,368 shares of the pipeline company’s stock after selling 29,795 shares during the period. Heritage Wealth Advisors’ holdings in Williams Companies were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of WMB. JNBA Financial Advisors grew its stake in shares of Williams Companies by 68.6% in the 4th quarter. JNBA Financial Advisors now owns 1,180 shares of the pipeline company’s stock worth $26,000 after buying an additional 480 shares in the last quarter. Claybrook Capital LLC purchased a new position in shares of Williams Companies in the 4th quarter worth $26,000. JOYN Advisors Inc. grew its stake in shares of Williams Companies by 57.9% in the 4th quarter. JOYN Advisors Inc. now owns 1,262 shares of the pipeline company’s stock worth $28,000 after buying an additional 463 shares in the last quarter. Oakworth Capital Inc. grew its stake in shares of Williams Companies by 381.7% in the 4th 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 in the last quarter. Finally, Liberty Wealth Management LLC purchased a new position in shares of Williams Companies in the 4th quarter worth $29,000. 90.21% of the stock is owned by institutional investors and hedge funds.

In related news, Director Kathleen B. Cooper sold 9,615 shares of Williams Companies stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $27.39, for a total transaction of $263,354.85. Following the completion of the sale, the director now owns 32,272 shares in the company, valued at approximately $883,930.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Walter J. Bennett sold 14,859 shares of the business’s stock in a transaction dated 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 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 traded up $0.23 on Tuesday, reaching $27.47. 34,866 shares of the company traded hands, compared to its average volume of 7,368,690. Williams Companies Inc has a one year low of $20.36 and a one year high of $32.22. The firm has a market capitalization of $33.08 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 4.28 and a beta of 1.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.31 and a quick ratio of 0.28.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Williams Companies had a negative net margin of 1.29% and a positive return on equity of 5.56%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Williams Companies Inc will post 0.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a yield of 5.53%. Williams Companies’s payout ratio is 192.41%.

WMB has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Barclays raised shares of Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Wednesday, January 16th. Bank of America set a $30.00 price target on shares of Williams Companies and gave the stock a “buy” rating in a research note on Thursday, February 14th. Mizuho set a $32.00 price target on shares of Williams Companies and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Evercore ISI initiated coverage on shares of Williams Companies in a research note on Tuesday, February 5th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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