Park Place Capital Corp Sells 5,101 Shares of The Williams Companies, Inc. (NYSE:WMB)

Park Place Capital Corp decreased its holdings in The Williams Companies, Inc. (NYSE:WMB) by 24.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,926 shares of the pipeline company’s stock after selling 5,101 shares during the period. Park Place Capital Corp’s holdings in Williams Companies were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Neville Rodie & Shaw Inc. bought a new stake in shares of Williams Companies in the second quarter worth $202,000. Abich Financial Wealth Management LLC grew its holdings in shares of Williams Companies by 56.3% in the first quarter. Abich Financial Wealth Management LLC now owns 3,446 shares of the pipeline company’s stock worth $134,000 after acquiring an additional 1,241 shares during the period. NBW Capital LLC grew its holdings in shares of Williams Companies by 3.4% in the first quarter. NBW Capital LLC now owns 270,546 shares of the pipeline company’s stock worth $10,543,000 after acquiring an additional 8,775 shares during the period. Cetera Advisors LLC grew its holdings in shares of Williams Companies by 189.4% in the first quarter. Cetera Advisors LLC now owns 199,351 shares of the pipeline company’s stock worth $7,769,000 after acquiring an additional 130,477 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Williams Companies by 180.6% in the first quarter. Cetera Investment Advisers now owns 638,120 shares of the pipeline company’s stock worth $24,868,000 after acquiring an additional 410,705 shares during the period. Institutional investors own 86.44% of the company’s stock.

Williams Companies Price Performance

Shares of NYSE:WMB traded down $0.91 during mid-day trading on Friday, reaching $42.20. The stock had a trading volume of 5,833,937 shares, compared to its average volume of 6,237,502. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The company has a market cap of $51.43 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 6.62 and a beta of 1.05. The Williams Companies, Inc. has a 1 year low of $32.49 and a 1 year high of $45.10. The business’s 50 day moving average price is $42.18 and its 200 day moving average price is $38.96.

Williams Companies (NYSE:WMB) last posted its earnings results on Monday, May 6th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.69 billion. Williams Companies had a return on equity of 16.27% and a net margin of 27.29%. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 earnings per share. Research analysts expect that The Williams Companies, Inc. will post 1.85 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.475 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.50%. Williams Companies’s dividend payout ratio is currently 79.83%.

Insiders Place Their Bets

In other Williams Companies news, SVP Debbie L. Pickle sold 38,200 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.61, for a total transaction of $1,513,102.00. Following the sale, the senior vice president now directly owns 60,410 shares of the company’s stock, valued at $2,392,840.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMB. StockNews.com raised Williams Companies from a “hold” rating to a “buy” rating in a report on Monday, July 29th. CIBC boosted their price target on Williams Companies from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Wells Fargo & Company raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $46.00 in a report on Tuesday, June 4th. Seaport Res Ptn lowered Williams Companies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their price target on Williams Companies from $40.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.77.

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.