Cozad Asset Management Inc. lowered its stake in shares of Williams Companies Inc (NYSE:WMB) by 2.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 61,012 shares of the pipeline company’s stock after selling 1,444 shares during the quarter. Cozad Asset Management Inc.’s holdings in Williams Companies were worth $1,345,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Williams Companies by 47.6% during the third quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after buying an additional 30,031,200 shares during the last quarter. Vanguard Group Inc increased its position in Williams Companies by 47.6% in the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after purchasing an additional 30,031,200 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Williams Companies by 149.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock worth $1,138,898,000 after purchasing an additional 25,063,078 shares during the last quarter. FMR LLC increased its position in Williams Companies by 5.0% in the third quarter. FMR LLC now owns 30,053,410 shares of the pipeline company’s stock worth $817,152,000 after purchasing an additional 1,438,941 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Williams Companies by 0.3% in the third quarter. Franklin Resources Inc. now owns 28,977,513 shares of the pipeline company’s stock worth $787,899,000 after purchasing an additional 93,386 shares during the last quarter. Hedge funds and other institutional investors own 91.17% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Bank of America reduced their price target on shares of Williams Companies from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Zacks Investment Research restated a “buy” rating and issued a $29.00 price target on shares of Williams Companies in a research report on Saturday, November 17th. US Capital Advisors upgraded shares of Williams Companies from a “hold” rating to an “overweight” rating in a research report on Wednesday, October 17th. Goldman Sachs Group assumed coverage on shares of Williams Companies in a research report on Monday, October 8th. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on shares of Williams Companies in a research report on Thursday, October 11th. They issued an “outperform” rating and a $35.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.71.
NYSE WMB traded up $0.23 on Monday, hitting $25.27. 283,490 shares of the stock were exchanged, compared to its average volume of 10,630,670. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 4.01 and a beta of 1.50. Williams Companies Inc has a 52-week low of $20.36 and a 52-week high of $33.67.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same period in the previous year, the firm earned $0.04 earnings per share. Equities research analysts anticipate that Williams Companies Inc will post 0.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Thursday, December 13th. Williams Companies’s payout ratio is 215.87%.
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Williams Companies 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.
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