Adell Harriman & Carpenter Inc. Sells 2,397 Shares of Williams Companies, Inc. (The) (NYSE:WMB)

Adell Harriman & Carpenter Inc. trimmed its holdings in Williams Companies, Inc. (The) (NYSE:WMB) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 446,445 shares of the pipeline company’s stock after selling 2,397 shares during the period. Williams Companies accounts for about 2.0% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 15th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in Williams Companies were worth $26,680,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Williams Companies by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 130,356,165 shares of the pipeline company’s stock valued at $7,054,876,000 after buying an additional 1,008,213 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Williams Companies by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 31,263,235 shares of the pipeline company’s stock valued at $1,687,797,000 after buying an additional 540,533 shares during the last quarter. Blackstone Inc. lifted its position in shares of Williams Companies by 36.5% in the fourth quarter. Blackstone Inc. now owns 18,954,088 shares of the pipeline company’s stock valued at $1,025,795,000 after buying an additional 5,068,738 shares during the last quarter. Northern Trust Corp lifted its position in shares of Williams Companies by 12.5% in the fourth quarter. Northern Trust Corp now owns 15,236,940 shares of the pipeline company’s stock valued at $824,623,000 after buying an additional 1,696,618 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Williams Companies in the fourth quarter valued at approximately $575,103,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays raised their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Wells Fargo & Company raised their price objective on Williams Companies from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Wolfe Research raised Williams Companies from an “underperform” rating to a “peer perform” rating in a research report on Friday, June 13th. Scotiabank lifted their price target on Williams Companies from $52.00 to $59.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Finally, Morgan Stanley lifted their price target on Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Williams Companies presently has an average rating of “Hold” and an average target price of $61.25.

Williams Companies Stock Performance

NYSE:WMB opened at $58.47 on Friday. The stock has a market cap of $71.29 billion, a P/E ratio of 31.26, a PEG ratio of 4.33 and a beta of 0.65. The stock has a 50 day simple moving average of $59.51 and a 200 day simple moving average of $57.80. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of 1.63. Williams Companies, Inc. has a 1-year low of $40.41 and a 1-year high of $63.45.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Williams Companies had a return on equity of 15.95% and a net margin of 21.18%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. Research analysts anticipate that Williams Companies, Inc. will post 2.08 earnings per share for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.00 annualized dividend and a yield of 3.42%. Williams Companies’s dividend payout ratio is presently 106.95%.

Insiders Place Their Bets

In other Williams Companies news, SVP Terrance Lane Wilson sold 2,000 shares of Williams Companies stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $62.70, for a total value of $125,400.00. Following the completion of the transaction, the senior vice president directly owned 315,645 shares of the company’s stock, valued at $19,790,941.50. The trade was a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by corporate insiders.

Williams Companies Company 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.