Huntington National Bank reduced its position in Williams Companies Inc (NYSE:WMB) by 1.5% in the 2nd quarter, according to the company in 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 quarter. Huntington National Bank’s holdings in Williams Companies were worth $2,008,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI grew its position in Williams Companies by 167.3% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,957 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 1,225 shares in the last quarter. Bartlett & Co. LLC acquired a new position in Williams Companies in the 1st quarter valued at about $32,000. Trustcore Financial Services LLC grew its position in shares of Williams Companies by 93.6% during the second quarter. Trustcore Financial Services LLC now owns 2,627 shares of the pipeline company’s stock worth $50,000 after buying an additional 1,270 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Williams Companies during the first quarter worth about $38,000. Finally, PrairieView Partners LLC acquired a new position in shares of Williams Companies during the first quarter worth about $41,000. 84.32% of the stock is owned by institutional investors.
Shares of NYSE WMB opened at $19.13 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.44. Williams Companies Inc has a twelve month low of $8.41 and a twelve month high of $26.28. The stock has a 50 day moving average of $19.07 and a two-hundred day moving average of $18.89. The stock has a market cap of $23.21 billion, a P/E ratio of 18.75, a P/E/G ratio of 3.54 and a beta of 1.80.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Monday, May 4th. The pipeline company reported $0.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.26. Williams Companies had a return on equity of 7.58% and a net margin of 1.89%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, research analysts predict that Williams Companies Inc will post 1.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.36%. The ex-dividend date is Thursday, September 10th. Williams Companies’s dividend payout ratio (DPR) is presently 161.62%.
WMB has been the subject of a number of analyst reports. Credit Suisse Group downgraded Williams Companies from an “outperform” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 12th. They noted that the move was a valuation call. 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 report on Monday, April 20th. Mizuho boosted their price objective on Williams Companies from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. They noted that the move was a valuation call. Morgan Stanley raised Williams Companies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $21.00 to $25.00 in a research report on Wednesday, July 15th. Finally, 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 report on Monday, April 27th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $24.31.
About Williams Companies
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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