Lindbrook Capital LLC Has $2.27 Million Stake in The Williams Companies, Inc. (NYSE:WMB)

Lindbrook Capital LLC cut its stake in shares of The Williams Companies, Inc. (NYSE:WMB) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,818 shares of the pipeline company’s stock after selling 7,008 shares during the quarter. Lindbrook Capital LLC’s holdings in Williams Companies were worth $2,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Williams Companies by 15.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 108,302 shares of the pipeline company’s stock worth $4,221,000 after acquiring an additional 14,672 shares during the period. Brendel Financial Advisors LLC raised its holdings in Williams Companies by 0.8% during the 3rd quarter. Brendel Financial Advisors LLC now owns 51,927 shares of the pipeline company’s stock worth $2,370,000 after purchasing an additional 419 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Williams Companies by 1,855.7% in the 3rd quarter. Valley National Advisers Inc. now owns 42,029 shares of the pipeline company’s stock worth $1,918,000 after purchasing an additional 39,880 shares during the period. M&G Plc bought a new stake in shares of Williams Companies in the 1st quarter valued at $1,036,000. Finally, Russell Investments Group Ltd. increased its position in shares of Williams Companies by 58.1% during the first quarter. Russell Investments Group Ltd. now owns 1,404,198 shares of the pipeline company’s stock worth $54,692,000 after buying an additional 515,823 shares during the period. 86.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Williams Companies

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $45.29, for a total value of $90,580.00. Following the completion of the sale, the senior vice president now directly owns 304,200 shares of the company’s stock, valued at approximately $13,777,218. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMB shares. Royal Bank of Canada boosted their target price on shares of Williams Companies from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. CIBC boosted their price objective on Williams Companies from $45.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Seaport Res Ptn cut Williams Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Bank of America started coverage on Williams Companies in a research note on Thursday, October 17th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, UBS Group increased their price target on Williams Companies from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.38.

Williams Companies Price Performance

Shares of NYSE WMB opened at $56.32 on Friday. The stock has a market cap of $68.64 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 6.19 and a beta of 1.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.39 and a current ratio of 0.45. The Williams Companies, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $56.80. The firm’s 50-day simple moving average is $48.81 and its 200 day simple moving average is $44.34.

Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Williams Companies had a return on equity of 15.90% and a net margin of 27.36%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts anticipate that The Williams Companies, Inc. will post 1.91 earnings per share for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.90 annualized dividend and a dividend yield of 3.37%. Williams Companies’s dividend payout ratio is currently 80.17%.

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.