Mengis Capital Management Inc. Sells 650 Shares of The Williams Companies, Inc. (NYSE:WMB)

Mengis Capital Management Inc. lessened its position in The Williams Companies, Inc. (NYSE:WMBFree Report) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,156 shares of the pipeline company’s stock after selling 650 shares during the quarter. Mengis Capital Management Inc.’s holdings in Williams Companies were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OLD Point Trust & Financial Services N A bought a new position in Williams Companies during the 2nd quarter valued at approximately $25,000. FSC Wealth Advisors LLC bought a new stake in shares of Williams Companies in the 3rd quarter worth $27,000. Missouri Trust & Investment Co increased its holdings in shares of Williams Companies by 300.0% in the 2nd quarter. Missouri Trust & Investment Co now owns 800 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 600 shares in the last quarter. HWG Holdings LP bought a new stake in shares of Williams Companies in the 3rd quarter worth $29,000. Finally, Steward Financial Group LLC bought a new stake in shares of Williams Companies in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 85.76% of the company’s stock.

Williams Companies Stock Performance

NYSE WMB traded up $0.52 on Monday, hitting $34.55. 6,025,384 shares of the company traded hands, compared to its average volume of 6,432,703. The business’s 50 day moving average price is $34.88 and its 200-day moving average price is $34.80. The Williams Companies, Inc. has a 52-week low of $27.80 and a 52-week high of $37.45. The company has a market capitalization of $42.03 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 5.11 and a beta of 1.04. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.59.

Williams Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Investors of record on Friday, March 8th will be given a $0.475 dividend. This is an increase from Williams Companies’s previous quarterly dividend of $0.45. This represents a $1.90 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, March 7th. Williams Companies’s payout ratio is currently 80.27%.

Wall Street Analyst Weigh In

A number of research firms have commented on WMB. Barclays lifted their target price on Williams Companies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Mizuho lifted their price objective on Williams Companies from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.50.

Check Out Our Latest Report on Williams Companies

Williams Companies Company Profile

(Free Report)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region, as well as various petrochemical and feedstock pipelines.

See Also

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

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