Williams Companies Inc (NYSE:WMB) Stock Holdings Trimmed by Huntington National Bank

Huntington National Bank lowered its holdings in shares of Williams Companies Inc (NYSE:WMB) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,527 shares of the pipeline company’s stock after selling 1,624 shares during the period. Huntington National Bank’s holdings in Williams Companies were worth $2,008,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Centre Asset Management LLC raised its stake in Williams Companies by 78.3% during the 1st quarter. Centre Asset Management LLC now owns 541,350 shares of the pipeline company’s stock valued at $7,660,000 after acquiring an additional 237,740 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Williams Companies by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,756,384 shares of the pipeline company’s stock worth $24,853,000 after buying an additional 15,914 shares in the last quarter. Arden Trust Co raised its stake in shares of Williams Companies by 245.8% in the 1st quarter. Arden Trust Co now owns 33,236 shares of the pipeline company’s stock worth $471,000 after buying an additional 23,626 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Williams Companies by 115.7% in the 1st quarter. AQR Capital Management LLC now owns 119,119 shares of the pipeline company’s stock worth $1,649,000 after buying an additional 63,899 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Williams Companies by 1.9% in the 2nd quarter. New York State Teachers Retirement System now owns 1,579,201 shares of the pipeline company’s stock worth $30,036,000 after buying an additional 29,271 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WMB opened at $19.13 on Friday. The firm has a market cap of $23.21 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 3.54 and a beta of 1.80. Williams Companies Inc has a one year low of $8.41 and a one year high of $26.28. The stock’s 50 day simple moving average is $19.07 and its 200 day simple moving average is $18.89. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.74 and a quick ratio of 0.69.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Monday, May 4th. The pipeline company reported $0.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.12 billion. Williams Companies had a return on equity of 7.58% and a net margin of 1.89%. Williams Companies’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. As a group, equities analysts expect that Williams Companies Inc will post 1.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Friday, September 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 8.36%. Williams Companies’s dividend payout ratio (DPR) is presently 161.62%.

A number of analysts have recently commented on WMB shares. Goldman Sachs Group raised Williams Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $23.00 in a research note on Monday, April 20th. Wells Fargo & Co raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $21.00 in a research note on Monday, April 27th. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 price objective on shares of Williams Companies in a research note on Wednesday, May 6th. Raymond James boosted their price objective on Williams Companies from $22.00 to $24.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Mizuho lifted their target price on Williams Companies from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $24.31.

Williams Companies Company 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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