Oakbrook Investments LLC boosted its stake in shares of Williams Companies Inc (NYSE:WMB) by 103.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,800 shares of the pipeline company’s stock after purchasing an additional 35,540 shares during the quarter. Oakbrook Investments LLC’s holdings in Williams Companies were worth $1,898,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of WMB. Chickasaw Capital Management LLC grew its position in Williams Companies by 37.3% during the third quarter. Chickasaw Capital Management LLC now owns 13,919,422 shares of the pipeline company’s stock worth $378,469,000 after buying an additional 3,785,114 shares during the period. Hamlin Capital Management LLC purchased a new stake in shares of Williams Companies in the second quarter valued at about $80,810,000. AGF Investments Inc. lifted its holdings in shares of Williams Companies by 227.7% in the second quarter. AGF Investments Inc. now owns 3,574,532 shares of the pipeline company’s stock valued at $96,906,000 after purchasing an additional 2,483,903 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Williams Companies by 16.4% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 16,823,579 shares of the pipeline company’s stock valued at $456,087,000 after purchasing an additional 2,375,456 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Williams Companies by 44.9% in the second quarter. Millennium Management LLC now owns 6,362,100 shares of the pipeline company’s stock valued at $172,477,000 after purchasing an additional 1,970,242 shares in the last quarter. Institutional investors own 86.72% of the company’s stock.
WMB has been the topic of several recent research reports. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. ValuEngine downgraded shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Wells Fargo & Co reduced their price target on shares of Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a report on Thursday, September 13th. Finally, Stifel Nicolaus initiated coverage on shares of Williams Companies in a report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target on the stock. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $32.87.
In related news, SVP Frank J. Ferazzi sold 1,100 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $31.31, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the firm’s 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 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 currently owned by company insiders.
Williams Companies stock opened at $26.74 on Friday. Williams Companies Inc has a 52-week low of $24.00 and a 52-week high of $33.67. The firm has a market capitalization of $22.26 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 4.60 and a beta of 1.53. The company has a quick ratio of 0.71, a current ratio of 0.79 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the company earned $0.13 EPS. Research analysts anticipate that Williams Companies Inc will post 0.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 24th. Investors of record on Friday, September 7th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, September 6th. Williams Companies’s payout ratio is 215.87%.
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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