Sumitomo Mitsui Trust Holdings Inc. Lowers Stock Position in Williams Companies Inc (NYSE:WMB)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Williams Companies Inc (NYSE:WMB) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,660,902 shares of the pipeline company’s stock after selling 85,491 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Williams Companies were worth $130,692,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Squar Milner Financial Services LLC lifted its holdings in shares of Williams Companies by 8.9% during the first quarter. Squar Milner Financial Services LLC now owns 4,552 shares of the pipeline company’s stock worth $130,000 after purchasing an additional 371 shares during the period. Avestar Capital LLC lifted its holdings in shares of Williams Companies by 8.8% during the first quarter. Avestar Capital LLC now owns 4,624 shares of the pipeline company’s stock worth $129,000 after purchasing an additional 373 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Williams Companies by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the pipeline company’s stock worth $1,835,000 after purchasing an additional 400 shares during the period. Resources Investment Advisors Inc. lifted its holdings in shares of Williams Companies by 25.8% during the first quarter. Resources Investment Advisors Inc. now owns 1,975 shares of the pipeline company’s stock worth $57,000 after purchasing an additional 405 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Williams Companies by 24.7% during the first quarter. Versant Capital Management Inc now owns 2,221 shares of the pipeline company’s stock worth $63,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 88.15% of the company’s stock.

A number of equities research analysts have commented on WMB shares. Stifel Nicolaus reduced their target price on Williams Companies from $31.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 2nd. ValuEngine raised Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Credit Suisse Group reduced their target price on Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday. Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Wednesday, June 26th. They noted that the move was a valuation call. Finally, Argus reissued a “hold” rating on shares of Williams Companies in a report on Thursday. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.87.

Williams Companies stock traded down $0.06 during midday trading on Friday, reaching $23.97. The company’s stock had a trading volume of 292,596 shares, compared to its average volume of 9,229,606. The company has a market capitalization of $28.52 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 3.77 and a beta of 1.56. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 1.22. Williams Companies Inc has a fifty-two week low of $20.36 and a fifty-two week high of $32.22. The company’s 50 day simple moving average is $27.03.

Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, equities analysts predict that Williams Companies Inc will post 0.96 EPS for the current year.

In other news, VP Ted T. Timmermans sold 5,000 shares of Williams Companies stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $26.06, for a total transaction of $130,300.00. Following the completion of the transaction, the vice president now owns 18,666 shares of the company’s stock, valued at approximately $486,435.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John D. Chandler purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $23.24 per share, with a total value of $232,400.00. Following the purchase, the insider now directly owns 63,052 shares in the company, valued at $1,465,328.48. The disclosure for this purchase can be found here. Insiders have bought a total of 30,000 shares of company stock valued at $745,000 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

About Williams Companies

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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

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