Crestwood Advisors Group LLC Sells 24,637 Shares of The Williams Companies, Inc. (NYSE:WMB)


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Crestwood Advisors Group LLC lessened its position in The Williams Companies, Inc. (NYSE:WMB) by 5.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 461,315 shares of the pipeline company’s stock after selling 24,637 shares during the period. Crestwood Advisors Group LLC’s holdings in The Williams Companies were worth $9,249,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC bought a new position in The Williams Companies during the 4th quarter valued at about $25,000. Paces Ferry Wealth Advisors LLC purchased a new position in shares of The Williams Companies during the third quarter valued at approximately $28,000. Eudaimonia Partners LLC bought a new position in shares of The Williams Companies during the third quarter valued at approximately $31,000. Clear Harbor Asset Management LLC purchased a new stake in shares of The Williams Companies in the third quarter worth approximately $32,000. Finally, Heritage Wealth Advisors bought a new stake in shares of The Williams Companies during the 3rd quarter worth approximately $32,000. 83.57% of the stock is owned by hedge funds and other institutional investors.

Shares of WMB traded up $0.53 during trading hours on Tuesday, hitting $23.44. The company had a trading volume of 373,698 shares, compared to its average volume of 8,923,947. The company has a current ratio of 0.96, a quick ratio of 0.90 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $28.45 billion, a PE ratio of 212.11, a price-to-earnings-growth ratio of 3.71 and a beta of 1.72. The Williams Companies, Inc. has a one year low of $8.41 and a one year high of $23.30. The company’s fifty day moving average price is $21.98 and its two-hundred day moving average price is $20.89.

The Williams Companies (NYSE:WMB) last posted its earnings results on Sunday, February 21st. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.86 billion. The Williams Companies had a return on equity of 7.77% and a net margin of 1.86%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Analysts forecast that The Williams Companies, Inc. will post 1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 29th. Stockholders of record on Friday, March 12th will be given a $0.41 dividend. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.00%. This is an increase from The Williams Companies’s previous quarterly dividend of $0.40. The Williams Companies’s payout ratio is presently 161.62%.

A number of research firms have weighed in on WMB. Mizuho increased their target price on The Williams Companies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 20th. Smith Barney Citigroup started coverage on shares of The Williams Companies in a research note on Thursday, December 3rd. They issued an “outperform” rating and a $25.00 price target on the stock. Credit Suisse Group raised shares of The Williams Companies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $27.00 in a research report on Thursday, December 17th. Raymond James raised their target price on shares of The Williams Companies from $24.00 to $25.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 14th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on The Williams Companies in a report on Thursday, December 3rd. They issued an “outperform” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The Williams Companies has a consensus rating of “Buy” and an average price target of $23.71.

About The Williams Companies

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Atlantic-Gulf, Northeast G&P, and West segments. The Atlantic-Gulf segment comprises Transco, an interstate natural gas pipeline; and natural gas gathering and processing, and crude oil production handling and transportation assets.

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

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