Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 40.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,075 shares of the pipeline company’s stock after purchasing an additional 23,976 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Williams Companies were worth $2,258,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Spirit of America Management Corp NY acquired a new position in shares of Williams Companies during the 3rd quarter worth $16,369,000. Parkside Financial Bank & Trust increased its stake in shares of Williams Companies by 16,957.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 45,885 shares of the pipeline company’s stock worth $1,247,000 after purchasing an additional 45,616 shares during the last quarter. MAI Capital Management increased its stake in shares of Williams Companies by 725.8% during the 3rd quarter. MAI Capital Management now owns 215,083 shares of the pipeline company’s stock worth $5,848,000 after purchasing an additional 189,038 shares during the last quarter. Stokes Capital Advisors LLC acquired a new position in shares of Williams Companies during the 3rd quarter worth $548,000. Finally, Grassi Investment Management acquired a new position in shares of Williams Companies during the 3rd quarter worth $255,000. Institutional investors own 86.72% of the company’s stock.
NYSE:WMB opened at $26.74 on Friday. Williams Companies Inc has a 1 year low of $24.00 and a 1 year high of $33.67. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $22.26 billion, a P/E ratio of 42.44, a PEG ratio of 4.60 and a beta of 1.53.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Williams Companies had a net margin of 24.19% and a return on equity of 3.82%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. Research analysts forecast that Williams Companies Inc will post 0.78 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 24th. Shareholders of record on Friday, September 7th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Thursday, September 6th. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
In other Williams Companies news, SVP Frank J. Ferazzi sold 1,100 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $31.31, for a total value of $34,441.00. Following the completion of the sale, the senior vice president now directly owns 15,037 shares of the company’s stock, valued at approximately $470,808.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the sale, the vice president now directly owns 9,955 shares of the company’s stock, valued at $318,560. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.
Several research analysts have recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They set a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. Morgan Stanley set a $35.00 target price on shares of Williams Companies and gave the company an “overweight” rating in a research note on Thursday, August 16th. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 17th. Finally, ValuEngine lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.87.
Williams Companies Company Profile
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.
Recommended Story: How is the discount rate different from the Federal Funds rate?
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.