Cypress Wealth Advisors LLC Cuts Stake in Williams Companies, Inc. (The) (WMB)

Cypress Wealth Advisors LLC decreased its stake in Williams Companies, Inc. (The) (NYSE:WMB) by 31.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,589 shares of the pipeline company’s stock after selling 22,932 shares during the period. Cypress Wealth Advisors LLC’s holdings in Williams Companies, Inc. (The) were worth $1,467,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. SeaBridge Investment Advisors LLC acquired a new stake in Williams Companies, Inc. (The) during the first quarter valued at $109,000. Massey Quick & Co. LLC acquired a new stake in Williams Companies, Inc. (The) during the first quarter valued at $121,000. Acrospire Investment Management LLC boosted its stake in Williams Companies, Inc. (The) by 27.0% in the first quarter. Acrospire Investment Management LLC now owns 4,700 shares of the pipeline company’s stock valued at $139,000 after buying an additional 1,000 shares during the last quarter. Parallel Advisors LLC boosted its stake in Williams Companies, Inc. (The) by 124.1% in the first quarter. Parallel Advisors LLC now owns 4,646 shares of the pipeline company’s stock valued at $143,000 after buying an additional 2,573 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Williams Companies, Inc. (The) by 38.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,516 shares of the pipeline company’s stock valued at $163,000 after buying an additional 1,534 shares during the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.

Williams Companies, Inc. (NYSE:WMB) traded up 0.03% during midday trading on Friday, hitting $31.99. The stock had a trading volume of 3,464,894 shares. The firm has a market cap of $26.43 billion, a PE ratio of 2132.67 and a beta of 1.38. The stock has a 50-day moving average price of $30.19 and a 200 day moving average price of $29.51. Williams Companies, Inc. has a one year low of $22.39 and a one year high of $32.69.

Williams Companies, Inc. (The) (NYSE:WMB) last announced its quarterly earnings results on Wednesday, May 3rd. The pipeline company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.06. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. Williams Companies, Inc. (The) had a return on equity of 3.74% and a net margin of 0.18%. During the same period last year, the business posted $0.03 EPS. On average, analysts predict that Williams Companies, Inc. will post $1.02 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Cypress Wealth Advisors LLC Cuts Stake in Williams Companies, Inc. (The) (WMB)” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/07/29/williams-companies-inc-the-wmb-position-cut-by-cypress-wealth-advisors-llc-updated-updated-updated.html.

Several equities research analysts recently weighed in on the company. BidaskClub upgraded Williams Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Wells Fargo & Company upgraded Williams Companies, Inc. (The) from a “market perform” rating to an “outperform” rating in a research note on Monday, May 15th. Scotiabank restated a “hold” rating and set a $30.00 target price on shares of Williams Companies, Inc. (The) in a research note on Thursday, April 27th. Citigroup Inc. upgraded Williams Companies, Inc. (The) from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $32.00 to $36.00 in a research note on Friday, April 7th. Finally, Zacks Investment Research cut Williams Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.07.

In related news, CEO Alan S. Armstrong purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $28.60 per share, with a total value of $429,000.00. Following the acquisition, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,882,072.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Charles I. Cogut purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was bought at an average cost of $30.63 per share, for a total transaction of $30,630.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $30,630. The disclosure for this purchase can be found here. In the last three months, insiders purchased 38,750 shares of company stock worth $1,107,110 and sold 92,561 shares worth $2,876,240. Company insiders own 0.53% of the company’s stock.

About Williams Companies, Inc. (The)

The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.

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

Receive News & Ratings for Williams Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply