Synovus Financial Corp boosted its holdings in Williams Companies Inc (NYSE:WMB) by 138.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,551 shares of the pipeline company’s stock after buying an additional 3,225 shares during the period. Synovus Financial Corp’s holdings in Williams Companies were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. grew its stake in Williams Companies by 16.4% in the 2nd 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 buying an additional 2,375,456 shares in the last quarter. Chickasaw Capital Management LLC grew its stake in Williams Companies by 37.3% in the 3rd quarter. Chickasaw Capital Management LLC now owns 13,919,422 shares of the pipeline company’s stock valued at $378,469,000 after buying an additional 3,785,114 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Williams Companies by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 7,299,069 shares of the pipeline company’s stock valued at $197,876,000 after buying an additional 247,977 shares in the last quarter. Millennium Management LLC grew its stake in Williams Companies by 44.9% in the 2nd quarter. Millennium Management LLC now owns 6,362,100 shares of the pipeline company’s stock valued at $172,477,000 after buying an additional 1,970,242 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake in Williams Companies by 24.3% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 5,672,764 shares of the pipeline company’s stock valued at $153,775,000 after buying an additional 1,110,400 shares in the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.
A number of research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price objective for the company. Seaport Global Securities assumed coverage on shares of Williams Companies in a research note on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research lowered shares of Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. US Capital Advisors reiterated a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 17th. Finally, Morgan Stanley set a $35.00 price objective on shares of Williams Companies and gave the company an “overweight” rating in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Williams Companies currently has an average rating of “Buy” and an average price target of $33.07.
WMB opened at $25.33 on Friday. The firm has a market cap of $21.92 billion, a PE ratio of 33.10, a PEG ratio of 5.29 and a beta of 1.57. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 1.27. Williams Companies Inc has a one year low of $23.54 and a one year high of $33.67.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm 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 business earned $0.04 EPS. Sell-side analysts forecast that Williams Companies Inc will post 0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.37%. Williams Companies’s dividend payout ratio (DPR) is currently 215.87%.
In other news, insider Chad J. Zamarin purchased 2,500 shares of Williams Companies stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of $25.69 per share, for a total transaction of $64,225.00. Following the transaction, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John D. Chandler purchased 10,000 shares of Williams Companies stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $25.94 per share, with a total value of $259,400.00. Following the completion of the transaction, the insider now directly owns 26,582 shares in the company, valued at $689,537.08. The disclosure for this purchase can be found here. Insiders have bought a total of 38,500 shares of company stock valued at $993,625 over the last 90 days. Company insiders own 0.53% of the company’s stock.
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.
Featured Article: What is a Stop Order?
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.