The Mengis Capital Management Inc. Has $756,000 Position in Williams Companies, Inc. (The) (WMB)

The Mengis Capital Management Inc. Has $756,000 Position in Williams Companies, Inc. (The) (WMB)

Mengis Capital Management Inc. reduced its stake in shares of Williams Companies, Inc. (The) (NYSE:WMB) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 24,615 shares of the company’s stock after selling 400 shares during the period. Mengis Capital Management Inc.’s holdings in Williams Companies, Inc. (The) were worth $756,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in shares of Williams Companies, Inc. (The) by 10.8% in the third quarter. Quadrant Capital Group LLC now owns 3,557 shares of the company’s stock worth $101,000 after buying an additional 346 shares during the last quarter. Huntington National Bank raised its position in shares of Williams Companies, Inc. (The) by 18.0% in the third quarter. Huntington National Bank now owns 3,410 shares of the company’s stock worth $105,000 after buying an additional 521 shares during the last quarter. Whittier Trust Co. raised its position in shares of Williams Companies, Inc. (The) by 207.3% in the second quarter. Whittier Trust Co. now owns 4,916 shares of the company’s stock worth $106,000 after buying an additional 3,316 shares during the last quarter. National Asset Management Inc. purchased a new position in shares of Williams Companies, Inc. (The) during the second quarter worth about $201,000. Finally, Woodley Farra Manion Portfolio Management Inc. purchased a new position in shares of Williams Companies, Inc. (The) during the third quarter worth about $210,000. Hedge funds and other institutional investors own 84.74% of the company’s stock.

Shares of Williams Companies, Inc. (NYSE:WMB) traded down 0.35% during mid-day trading on Wednesday, hitting $28.34. The company had a trading volume of 9,571,972 shares. The company’s market capitalization is $21.28 billion. Williams Companies, Inc. has a one year low of $10.22 and a one year high of $32.69. The firm’s 50-day moving average price is $30.54 and its 200 day moving average price is $28.52.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Williams Companies, Inc. (The) had a negative net margin of 15.19% and a positive return on equity of 2.16%. During the same period last year, the business posted $0.22 earnings per share. Analysts predict that Williams Companies, Inc. will post $0.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Friday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Wednesday, December 7th. Williams Companies, Inc. (The)’s dividend payout ratio (DPR) is -53.69%.

A number of equities analysts have issued reports on WMB shares. Stephens started coverage on Williams Companies, Inc. (The) in a research note on Thursday, September 29th. They set an “equal weight” rating and a $32.00 price target for the company. RBC Capital Markets decreased their price target on Williams Companies, Inc. (The) from $39.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Williams Companies, Inc. (The) in a research note on Sunday, October 16th. Zacks Investment Research raised Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, December 13th. Finally, Royal Bank Of Canada decreased their price target on Williams Companies, Inc. (The) from $39.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Williams Companies, Inc. (The) presently has an average rating of “Buy” and an average target price of $29.09.

In other news, Director Stephen I. Chazen purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average price of $28.23 per share, with a total value of $141,150.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $141,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rory Lee Miller sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $29.40, for a total transaction of $1,176,000.00. Following the completion of the transaction, the insider now directly owns 109,780 shares of the company’s stock, valued at approximately $3,227,532. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies, Inc. (The) (NYSE:WMB).

Related posts

Leave a Comment