Florida Retirement System State Board of Trustees Sells 57,570 Shares of The Williams Companies, Inc. (NYSE:WMB)

Retirement


The State Board of Governors of the Florida Retirement System reduced its stake in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 3.8% in the fourth quarter, according to the latest 13F filings with the U.S. Securities and Exchange Commission. according to. The institutional investor owned his 1,444,589 shares of the pipeline company’s stock after selling his 57,570 shares during the quarter. The Florida Retirement System State Board of Trustees owned approximately 0.12% of Williams Companies worth $47,527,000 at the end of the most recent quarter.

Many other large investors have also recently changed their stock positions. Richard W. Paul & Associates LLC purchased approximately $26,000 of additional equity in Williams Companies during the fourth quarter. Concord Wealth Partners purchased approximately $29,000 worth of additional equity in Williams Companies in the fourth quarter. Salem Investment Counselors Inc. raised his 52.5% stake in Williams Companies in the second quarter. Salem Investment Counselors Inc. now owns 915 shares worth $29,000 in the pipeline company after purchasing an additional 315 shares last quarter. Retirement Financial Solutions LLC purchased approximately $31,000 of additional equity in Williams Companies during the fourth quarter. Finally, Mach 1 Financial Group LLC purchased approximately $28,000 worth of new Williams Companies shares in the third quarter. 85.38% of the shares are owned by institutional investors.

Williams Companies shares up 0.5%

Shares of Williams Companies opened at $29.10 on Friday. The company has a 50-day simple moving average of $29.71 and a 200-day simple moving average of $31.59. The stock has a market cap of $35.47 billion, a PE ratio of 17.32, a P/E ratio of 4.79, and a beta of 1.16. Williams Companies, Inc. has a 52-week low of $27.80 and a 52-week high of $37.97. The company has an equity ratio of 1.57, a quick ratio of 0.71 and a current ratio of 0.78.

Williams Companies (NYSE:WMB – Get Rating) last released quarterly earnings data on Wednesday, May 3. The pipeline company reported earnings of $0.56 per share for the quarter, beating analyst consensus expectations of $0.46 by $0.10. Williams Companies had a net profit margin of 22.53% and a return on equity of 17.37%. The company’s revenue for the quarter was $3.08 billion, compared with analyst estimates of $2.65 billion. Earnings for the same business in the year-ago quarter were $0.41. The company’s revenue for the quarter increased 22.1% year-on-year. On average, analysts expect The Williams Companies, Inc. to report 1.73 EPS for the current fiscal year.

Williams Companies Announces Dividend

The company recently announced a quarterly dividend payable on Monday, June 26th. Investors of record on Monday, June 12 will receive a dividend of $0.4475 per share. The ex-dividend date is Friday, June 9. This represents his $1.79 dividend and his 6.15% dividend yield on an annualized basis. The Williams Companies dividend payout ratio (DPR) is currently 106.55%.

insider trading

In separate news, director William H. Spence purchased 5,000 shares in a transaction on Tuesday, March 14th. Shares were purchased at an average price of $29.61 per share for an aggregate amount of $148,050.00. Post-acquisition, the directors now directly own 48,521 shares of the Company stock valued at $1,436,706.81. The acquisition is disclosed in legal filings with the SEC, which can be accessed at this link. His 0.44% of the shares are owned by corporate insiders.

Wall Street Analyst Predicts Growth

Several analysts recently published reports on the company. Raymond James in his Thursday, April 20 research notes downgraded the Williams Companies rating from ‘strong buy’ to ‘outperform’ and lowered his price target from $40.00 to $36.00. Wells Fargo & Company lowered its price target for shares of Williams Companies from his $37.00 to his $36.00 in a report Wednesday, Feb. 22, giving the company an “equal-weighted” rating. Morgan Stanley lowered its target price for Williams Companies to $39.00 from his $41.00 in a report on Tuesday, April 25. Argus downgraded Williams Companies’ rating from ‘buy’ to ‘hold’ in his Tuesday, Feb. 28 research note. Finally, JPMorgan Chase & Co. lowered Williams’ price target for his Companies to $35.00 from his $36.00 in a report on Tuesday, April 18. As an equity research analyst, he had one sell rating, nine assigned hold ratings, and four buy ratings for the company. According to MarketBeat data, the company currently has an average valuation of “pending” and an average price target of $35.42.

Williams Companies Company Overview

(get rating)

Williams Cos., Inc. operates as an energy infrastructure company that explores, produces, transports, markets and processes natural gas and petroleum products. It operates through Transmission and Gulf of Mexico, Northeast G&P, and Western segments. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, Transco and Northwest Pipelines, as well as natural gas collection and processing, crude oil production processing and transportation assets in the Gulf region.

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Quarterly Institutional Ownership of Williams Corporation (NYSE:WMB)

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