World Asset Management Inc lifted its stake in Williams Companies Inc (NYSE:WMB) by 42.0% in the third quarter, HoldingsChannel reports. The firm owned 73,845 shares of the pipeline company’s stock after acquiring an additional 21,851 shares during the quarter. World Asset Management Inc’s holdings in Williams Companies were worth $2,008,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of WMB. Kayne Anderson Capital Advisors LP lifted its position in shares of Williams Companies by 2.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 4,562,364 shares of the pipeline company’s stock worth $113,405,000 after purchasing an additional 97,600 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Williams Companies by 18.4% in the first quarter. BB&T Securities LLC now owns 87,959 shares of the pipeline company’s stock worth $2,186,000 after purchasing an additional 13,696 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Williams Companies in the first quarter worth approximately $609,000. The Manufacturers Life Insurance Company lifted its position in shares of Williams Companies by 5.5% in the first quarter. The Manufacturers Life Insurance Company now owns 967,039 shares of the pipeline company’s stock worth $24,040,000 after purchasing an additional 50,034 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in shares of Williams Companies by 3.4% in the first quarter. United Capital Financial Advisers LLC now owns 82,183 shares of the pipeline company’s stock worth $2,043,000 after purchasing an additional 2,735 shares in the last quarter. 86.55% of the stock is owned by institutional investors and hedge funds.
In other Williams Companies news, SVP Frank J. Ferazzi sold 1,100 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $31.31, for a total transaction of $34,441.00. Following the transaction, the senior vice president now owns 15,037 shares in the company, valued at $470,808.47. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Ted T. Timmermans sold 20,267 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $32.00, for a total value of $648,544.00. Following the transaction, the vice president now owns 9,955 shares in the company, valued at approximately $318,560. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.
NYSE:WMB opened at $26.68 on Friday. Williams Companies Inc has a 52 week low of $24.00 and a 52 week high of $33.67. The company has a market capitalization of $22.51 billion, a P/E ratio of 42.35, a PEG ratio of 4.61 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.71 and a current ratio of 0.79.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, August 1st. The pipeline company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that Williams Companies Inc will post 0.79 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 24th. Investors of record on Friday, September 7th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $1.36 dividend on an annualized basis and a yield of 5.10%. Williams Companies’s dividend payout ratio is currently 215.87%.
A number of analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target for the company. Bank of America restated a “buy” rating on shares of Williams Companies in a report on Tuesday, August 21st. US Capital Advisors downgraded Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Friday, August 24th. Finally, Morgan Stanley set a $35.00 price objective on Williams Companies and gave the stock an “overweight” rating in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Williams Companies has a consensus rating of “Buy” and an average 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.
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