Toronto Dominion Bank lowered its stake in shares of Williams Companies Inc (NYSE:WMB) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 712,238 shares of the pipeline company’s stock after selling 74,702 shares during the quarter. Toronto Dominion Bank’s holdings in Williams Companies were worth $19,966,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMB. Kayne Anderson Capital Advisors LP grew its holdings in Williams Companies by 1.4% during the second quarter. Kayne Anderson Capital Advisors LP now owns 20,634,853 shares of the pipeline company’s stock worth $578,589,000 after acquiring an additional 280,500 shares during the period. Clearbridge Investments LLC lifted its holdings in Williams Companies by 7.4% in the first quarter. Clearbridge Investments LLC now owns 20,402,361 shares of the pipeline company’s stock worth $585,956,000 after acquiring an additional 1,399,040 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Williams Companies by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 15,722,127 shares of the pipeline company’s stock worth $346,152,000 after acquiring an additional 1,124,517 shares during the last quarter. Northern Trust Corp lifted its holdings in Williams Companies by 1.0% in the second quarter. Northern Trust Corp now owns 15,009,399 shares of the pipeline company’s stock worth $420,864,000 after acquiring an additional 154,675 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its holdings in Williams Companies by 8.7% in the second quarter. Chickasaw Capital Management LLC now owns 14,790,191 shares of the pipeline company’s stock worth $414,717,000 after acquiring an additional 1,182,565 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.
In other Williams Companies news, insider John D. Chandler acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $23.24 per share, for a total transaction of $232,400.00. Following the completion of the acquisition, the insider now directly owns 63,052 shares of the company’s stock, valued at approximately $1,465,328.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Terrance Lane Wilson acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $23.60 per share, for a total transaction of $94,400.00. Following the completion of the acquisition, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at $1,031,933.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 44,000 shares of company stock worth $1,028,200. Corporate insiders own 0.26% of the company’s stock.
A number of brokerages have issued reports on WMB. Barclays reissued a “buy” rating and issued a $32.00 target price on shares of Williams Companies in a report on Thursday, July 18th. Stifel Nicolaus cut their target price on shares of Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Scotia Howard Weill began coverage on shares of Williams Companies in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.60 target price on the stock. Credit Suisse Group cut their target price on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.51.
Shares of WMB traded up $0.36 during mid-day trading on Friday, reaching $24.65. 2,998,895 shares of the company’s stock traded hands, compared to its average volume of 7,271,652. The business’s 50-day moving average price is $24.08 and its 200-day moving average price is $26.90. The stock has a market capitalization of $29.70 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 3.90 and a beta of 1.56. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.56 and a current ratio of 0.60. Williams Companies Inc has a 12 month low of $20.36 and a 12 month high of $29.55.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities research analysts anticipate that Williams Companies Inc will post 0.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.17%. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.
Williams Companies Profile
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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