Cullen Frost Bankers Inc. Decreases Holdings in Williams Companies Inc (NYSE:WMB)

Cullen Frost Bankers Inc. cut its stake in shares of Williams Companies Inc (NYSE:WMB) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,336 shares of the pipeline company’s stock after selling 1,587 shares during the period. Cullen Frost Bankers Inc.’s holdings in Williams Companies were worth $249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC raised its stake in Williams Companies by 360.6% during the 2nd quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after buying an additional 750 shares during the last quarter. Garrett Wealth Advisory Group LLC purchased a new stake in Williams Companies during the 3rd quarter valued at $27,000. Citizens Financial Group Inc RI raised its stake in Williams Companies by 83.5% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,180 shares of the pipeline company’s stock valued at $29,000 after buying an additional 537 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Williams Companies during the 2nd quarter valued at $30,000. Finally, Ellevest Inc. increased its stake in shares of Williams Companies by 205.4% in the 2nd quarter. Ellevest Inc. now owns 1,197 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 805 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

In other Williams Companies news, Director Michael A. Creel purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $23.22 per share, for a total transaction of $232,200.00. Following the purchase, the director now owns 27,027 shares of the company’s stock, valued at approximately $627,566.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

NYSE:WMB opened at $22.09 on Friday. Williams Companies Inc has a one year low of $20.36 and a one year high of $29.55. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.43 and a quick ratio of 0.39. The firm has a market capitalization of $27.82 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 3.61 and a beta of 1.54. The business has a fifty day moving average price of $23.36 and a 200-day moving average price of $25.60.

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Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, October 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Williams Companies had a return on equity of 6.95% and a net margin of 1.87%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business posted $0.13 EPS. Williams Companies’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities research analysts expect that Williams Companies Inc will post 0.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 6.88%. Williams Companies’s payout ratio is presently 192.41%.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Williams Companies from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. ValuEngine upgraded Williams Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank assumed coverage on Williams Companies in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $28.00 price objective for the company. Scotia Howard Weill assumed coverage on Williams Companies in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.60 price objective for the company. Finally, Credit Suisse Group reduced their price objective on Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.28.

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.

Read More: How To Calculate Debt-to-Equity Ratio

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

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