Signature Financial Management Inc. grew its stake in shares of Williams Companies Inc (NYSE:WMB) by 45.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,760 shares of the pipeline company’s stock after purchasing an additional 6,475 shares during the quarter. Signature Financial Management Inc.’s holdings in Williams Companies were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Williams Companies in the 3rd quarter valued at $105,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Williams Companies by 78.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,537 shares of the pipeline company’s stock valued at $137,000 after acquiring an additional 1,997 shares during the period. Parallel Advisors LLC increased its holdings in shares of Williams Companies by 19.9% in the 2nd quarter. Parallel Advisors LLC now owns 5,571 shares of the pipeline company’s stock valued at $177,000 after acquiring an additional 925 shares during the period. Sun Life Financial INC increased its holdings in shares of Williams Companies by 46,384.6% in the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock valued at $183,000 after acquiring an additional 6,030 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Williams Companies in the 2nd quarter valued at $185,000. 84.84% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on WMB shares. Morgan Stanley cut their target price on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $36.00 target price on shares of Williams Companies in a report on Monday, October 16th. Wolfe Research started coverage on shares of Williams Companies in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 target price on the stock. BidaskClub raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Williams Companies in a report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Williams Companies presently has an average rating of “Buy” and an average price target of $33.83.
Shares of Williams Companies Inc (NYSE:WMB) traded down $0.02 on Monday, reaching $29.28. 2,842,952 shares of the company’s stock traded hands, compared to its average volume of 6,433,847. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. The firm has a market cap of $24,215.41, a PE ratio of 49.64, a P/E/G ratio of 3.13 and a beta of 1.37. Williams Companies Inc has a 12 month low of $26.82 and a 12 month high of $32.69.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.79 billion. Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. sell-side analysts anticipate that Williams Companies Inc will post 0.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Friday, December 8th will be paid a $0.30 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.20 annualized dividend and a yield of 4.10%. Williams Companies’s dividend payout ratio is currently 210.53%.
About Williams Companies
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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