Cibc World Market Inc. Sells 51,276 Shares of The Williams Companies, Inc. (NYSE:WMB)

Cibc World Market Inc. reduced its position in shares of The Williams Companies, Inc. (NYSE:WMBGet Rating) by 50.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,750 shares of the pipeline company’s stock after selling 51,276 shares during the quarter. Cibc World Market Inc.’s holdings in Williams Companies were worth $1,553,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Williams Companies by 85.8% during the 1st quarter. Royal Bank of Canada now owns 16,352,215 shares of the pipeline company’s stock valued at $546,327,000 after acquiring an additional 7,551,749 shares during the period. Vanguard Group Inc. grew its stake in shares of Williams Companies by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 122,908,600 shares of the pipeline company’s stock valued at $4,106,376,000 after acquiring an additional 7,243,812 shares during the period. BlackRock Inc. grew its stake in shares of Williams Companies by 5.0% during the 1st quarter. BlackRock Inc. now owns 113,613,075 shares of the pipeline company’s stock valued at $3,795,812,000 after acquiring an additional 5,388,309 shares during the period. Bank of America Corp DE grew its stake in shares of Williams Companies by 17.1% during the 1st quarter. Bank of America Corp DE now owns 35,897,960 shares of the pipeline company’s stock valued at $1,199,352,000 after acquiring an additional 5,244,814 shares during the period. Finally, State Street Corp grew its stake in shares of Williams Companies by 5.1% during the 1st quarter. State Street Corp now owns 88,199,537 shares of the pipeline company’s stock valued at $2,946,747,000 after acquiring an additional 4,301,481 shares during the period. 85.40% of the stock is currently owned by institutional investors.

Insider Activity at Williams Companies

In related news, SVP Terrance Lane Wilson sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $34.30, for a total transaction of $343,000.00. Following the sale, the senior vice president now owns 188,489 shares of the company’s stock, valued at $6,465,172.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company upped their price target on Williams Companies from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. Mizuho upped their price target on Williams Companies from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. TD Securities upped their price objective on Williams Companies from $38.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. StockNews.com began coverage on Williams Companies in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group lowered Williams Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $35.00 to $30.00 in a report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.25.

Williams Companies Price Performance

WMB opened at $33.40 on Friday. The Williams Companies, Inc. has a 12-month low of $24.86 and a 12-month high of $37.97. The company has a current ratio of 0.88, a quick ratio of 0.80 and a debt-to-equity ratio of 1.62. The business’s fifty day simple moving average is $31.58 and its 200-day simple moving average is $32.95. The company has a market capitalization of $40.69 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 6.13 and a beta of 1.22.

Williams Companies (NYSE:WMBGet Rating) last posted its quarterly earnings results on Monday, October 31st. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Williams Companies had a return on equity of 14.73% and a net margin of 17.72%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that The Williams Companies, Inc. will post 1.56 earnings per share for the current fiscal year.

Williams Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 26th. Stockholders of record on Friday, December 9th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Thursday, December 8th. Williams Companies’s payout ratio is 103.66%.

About Williams Companies

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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 Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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