Ellis Investment Partners LLC raised its position in Williams Companies Inc (NYSE:WMB) by 53.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,408 shares of the pipeline company’s stock after acquiring an additional 2,223 shares during the period. Ellis Investment Partners LLC’s holdings in Williams Companies were worth $152,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cresset Asset Management LLC lifted its stake in shares of Williams Companies by 2,785.6% during the second quarter. Cresset Asset Management LLC now owns 117,617 shares of the pipeline company’s stock worth $3,298,000 after buying an additional 113,541 shares during the period. Westpac Banking Corp lifted its stake in shares of Williams Companies by 26.1% during the second quarter. Westpac Banking Corp now owns 108,136 shares of the pipeline company’s stock worth $3,032,000 after buying an additional 22,355 shares during the period. Merit Financial Group LLC lifted its stake in shares of Williams Companies by 27.2% during the first quarter. Merit Financial Group LLC now owns 13,749 shares of the pipeline company’s stock worth $394,000 after buying an additional 2,936 shares during the period. Bahl & Gaynor Inc. lifted its stake in shares of Williams Companies by 10.5% during the second quarter. Bahl & Gaynor Inc. now owns 2,761,351 shares of the pipeline company’s stock worth $77,428,000 after buying an additional 263,273 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Williams Companies during the second quarter worth $71,000. Institutional investors own 87.62% of the company’s stock.
In other news, SVP Terrance Lane Wilson acquired 4,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $23.60 per share, with a total value of $94,400.00. Following the completion of the acquisition, the senior vice president now owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John D. Chandler acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $23.24 per share, with a total value of $232,400.00. Following the acquisition, the insider now directly owns 63,052 shares of the company’s stock, valued at approximately $1,465,328.48. The disclosure for this purchase can be found here. Insiders acquired 44,000 shares of company stock valued at $1,028,200 in the last ninety days. 0.26% of the stock is owned by corporate insiders.
Williams Companies (NYSE:WMB) last posted its earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. As a group, equities research analysts anticipate that Williams Companies Inc will post 0.98 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 6.70%. Williams Companies’s dividend payout ratio is presently 192.41%.
Several equities research analysts have recently commented on the stock. Credit Suisse Group lowered their price objective on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. TD Securities assumed coverage on shares of Williams Companies in a research note on Wednesday, October 2nd. They set a “buy” rating for the company. Raymond James upgraded shares of Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, June 26th. They noted that the move was a valuation call. Scotiabank began coverage on shares of Williams Companies in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $28.00 target price for the company. Finally, ValuEngine upgraded shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $29.43.
About Williams Companies
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
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