Kiwi Wealth Investments Limited Partnership bought a new position in shares of Williams Companies Inc (NYSE:WMB) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 146,716 shares of the pipeline company’s stock, valued at approximately $3,647,000.
A number of other institutional investors and hedge funds have also bought and sold shares of WMB. BlackRock Inc. grew its holdings in Williams Companies by 13.4% during the 1st quarter. BlackRock Inc. now owns 87,783,397 shares of the pipeline company’s stock worth $2,182,295,000 after acquiring an additional 10,354,857 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Williams Companies by 19.9% in the 1st quarter. Franklin Resources Inc. now owns 26,256,271 shares of the pipeline company’s stock valued at $652,731,000 after purchasing an additional 4,364,798 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of Williams Companies by 37,419.6% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,681,524 shares of the pipeline company’s stock valued at $66,663,000 after purchasing an additional 2,674,377 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Williams Companies in the 1st quarter valued at $66,001,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Williams Companies by 105.9% in the 4th quarter. Mackenzie Financial Corp now owns 4,130,727 shares of the pipeline company’s stock valued at $125,946,000 after purchasing an additional 2,124,502 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.
Williams Companies stock opened at $27.11 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.11. Williams Companies Inc has a 12-month low of $24.00 and a 12-month high of $33.67. The firm has a market cap of $22.40 billion, a P/E ratio of 43.03 and a beta of 1.41.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. equities research analysts expect that Williams Companies Inc will post 0.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 25th. Investors of record on Friday, June 8th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, June 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.02%. Williams Companies’s payout ratio is presently 215.87%.
In other Williams Companies news, Director Stephen I. Chazen acquired 4,000 shares of the stock in a transaction on Friday, May 25th. The shares were purchased at an average price of $26.71 per share, for a total transaction of $106,840.00. Following the completion of the acquisition, the director now owns 29,610 shares in the company, valued at approximately $790,883.10. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ted T. Timmermans sold 12,392 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $28.08, for a total transaction of $347,967.36. Following the transaction, the vice president now owns 27,347 shares in the company, valued at approximately $767,903.76. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
A number of equities research analysts have recently commented on WMB shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Williams Companies in a research note on Wednesday, April 25th. Seaport Global Securities started coverage on shares of Williams Companies in a research note on Wednesday, April 25th. They issued a “buy” rating and a $28.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $36.00 price objective (down from $37.00) on shares of Williams Companies in a research note on Friday, March 2nd. US Capital Advisors raised shares of Williams Companies from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Finally, Bank of America reduced their price objective on shares of Williams Companies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, March 27th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $33.31.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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