Spire Wealth Management Sells 63,084 Shares of The Williams Companies, Inc. (NYSE:WMB)

Spire Wealth Management reduced its stake in The Williams Companies, Inc. (NYSE:WMBGet Rating) by 87.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,344 shares of the pipeline company’s stock after selling 63,084 shares during the period. Spire Wealth Management’s holdings in Williams Companies were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Segall Bryant & Hamill LLC lifted its stake in Williams Companies by 41.1% during the third quarter. Segall Bryant & Hamill LLC now owns 10,994 shares of the pipeline company’s stock worth $286,000 after purchasing an additional 3,200 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Williams Companies by 9.6% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 6,965 shares of the pipeline company’s stock worth $181,000 after purchasing an additional 612 shares during the last quarter. DNB Asset Management AS lifted its stake in Williams Companies by 65.1% during the fourth quarter. DNB Asset Management AS now owns 329,913 shares of the pipeline company’s stock worth $8,591,000 after purchasing an additional 130,088 shares during the last quarter. Stonnington Group LLC lifted its stake in Williams Companies by 686.0% during the fourth quarter. Stonnington Group LLC now owns 128,201 shares of the pipeline company’s stock worth $3,701,000 after purchasing an additional 111,891 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Williams Companies by 14.5% during the fourth quarter. IFP Advisors Inc now owns 21,774 shares of the pipeline company’s stock worth $570,000 after purchasing an additional 2,762 shares during the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.

In related news, SVP Debbie L. Cowan sold 36,228 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $37.75, for a total value of $1,367,607.00. Following the transaction, the senior vice president now owns 62,891 shares of the company’s stock, valued at approximately $2,374,135.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Scott A. Hallam sold 15,607 shares of the firm’s stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $33.30, for a total transaction of $519,713.10. Following the completion of the transaction, the senior vice president now directly owns 164,054 shares in the company, valued at approximately $5,462,998.20. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.

WMB has been the subject of several recent analyst reports. Mizuho upped their target price on Williams Companies from $35.00 to $39.00 in a research note on Wednesday, May 4th. Morgan Stanley upped their price target on shares of Williams Companies from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 26th. Wells Fargo & Company lowered their price target on shares of Williams Companies from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Friday, May 20th. TD Securities upped their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, May 4th. Finally, Raymond James upped their price target on shares of Williams Companies from $36.00 to $40.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 20th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.54.

Shares of WMB opened at $31.29 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $38.11 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 5.54 and a beta of 1.16. The firm’s fifty day simple moving average is $34.39 and its two-hundred day simple moving average is $31.96. The Williams Companies, Inc. has a 12 month low of $23.53 and a 12 month high of $37.97.

Williams Companies (NYSE:WMBGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The pipeline company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Williams Companies had a net margin of 13.95% and a return on equity of 12.20%. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, research analysts predict that The Williams Companies, Inc. will post 1.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 27th. Stockholders of record on Friday, June 10th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 5.43%. Williams Companies’s dividend payout ratio (DPR) is presently 141.67%.

About Williams Companies (Get Rating)

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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