Manchester Capital Management LLC reduced its holdings in shares of Williams Companies Inc (NYSE:WMB) by 21.1% in the first quarter, Holdings Channel reports. The fund owned 1,726 shares of the pipeline company’s stock after selling 462 shares during the quarter. Manchester Capital Management LLC’s holdings in Williams Companies were worth $50,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc grew its position in shares of Williams Companies by 47.6% during the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after purchasing an additional 30,031,200 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Williams Companies by 9.5% during the fourth quarter. IFM Investors Pty Ltd now owns 69,182 shares of the pipeline company’s stock valued at $1,525,000 after buying an additional 6,010 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in Williams Companies by 72.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 73,800 shares of the pipeline company’s stock valued at $1,627,000 after buying an additional 30,996 shares during the last quarter. Calamos Advisors LLC boosted its stake in Williams Companies by 15.1% during the fourth quarter. Calamos Advisors LLC now owns 269,567 shares of the pipeline company’s stock valued at $5,944,000 after buying an additional 35,268 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Williams Companies during the fourth quarter valued at approximately $36,000. 88.10% of the stock is owned by hedge funds and other institutional investors.

Shares of WMB opened at $26.99 on Friday. The firm has a market capitalization of $32.71 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 4.43 and a beta of 1.70. Williams Companies Inc has a fifty-two week low of $20.36 and a fifty-two week high of $32.22. The company has a current ratio of 0.31, a quick ratio of 0.28 and a debt-to-equity ratio of 1.32.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). The business 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 business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. Sell-side analysts forecast that Williams Companies Inc will post 0.97 earnings per share for the current fiscal year.

The firm also recently announced 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 of this dividend is Thursday, June 6th. This represents a $1.52 annualized dividend and a dividend yield of 5.63%. Williams Companies’s payout ratio is 192.41%.

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

In related news, 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 transaction, the insider now owns 116,881 shares in the company, valued at approximately $3,170,981.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen I. Chazen bought 10,000 shares of Williams Companies stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $27.33 per share, for a total transaction of $273,300.00. Following the acquisition, the director now directly owns 45,730 shares in the company, valued at approximately $1,249,800.90. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.

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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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