O Brien Greene & Co. Inc Purchases New Stake in The Williams Companies, Inc. (NYSE:WMB)

O Brien Greene & Co. Inc acquired a new position in shares of The Williams Companies, Inc. (NYSE:WMB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,500 shares of the pipeline company’s stock, valued at approximately $249,000.

A number of other large investors also recently modified their holdings of the business. Victory Capital Management Inc. increased its stake in shares of The Williams Companies by 4.9% in the 4th quarter. Victory Capital Management Inc. now owns 878,584 shares of the pipeline company’s stock worth $17,616,000 after acquiring an additional 41,070 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of The Williams Companies by 26.5% in the 4th quarter. AE Wealth Management LLC now owns 32,351 shares of the pipeline company’s stock worth $649,000 after acquiring an additional 6,783 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of The Williams Companies by 13.5% during the 4th quarter. First Trust Advisors LP now owns 307,242 shares of the pipeline company’s stock worth $6,160,000 after purchasing an additional 36,484 shares during the period. California Public Employees Retirement System grew its holdings in shares of The Williams Companies by 5.0% during the 4th quarter. California Public Employees Retirement System now owns 2,920,156 shares of the pipeline company’s stock worth $58,549,000 after purchasing an additional 137,873 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in shares of The Williams Companies by 0.3% during the 4th quarter. Treasurer of the State of North Carolina now owns 466,254 shares of the pipeline company’s stock worth $9,348,000 after purchasing an additional 1,580 shares during the period. Institutional investors own 82.98% of the company’s stock.

Shares of WMB stock traded up $0.06 during mid-day trading on Friday, hitting $27.77. The stock had a trading volume of 86,971 shares, compared to its average volume of 8,450,126. The Williams Companies, Inc. has a fifty-two week low of $17.48 and a fifty-two week high of $28.35. The firm has a market cap of $33.73 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 4.45 and a beta of 1.50. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.46. The company has a 50-day simple moving average of $25.26.

The Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Sunday, May 2nd. The pipeline company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The Williams Companies had a net margin of 13.70% and a return on equity of 9.84%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned ($0.43) earnings per share. The business’s revenue for the quarter was up 36.5% compared to the same quarter last year. Research analysts expect that The Williams Companies, Inc. will post 1.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 28th. Stockholders of record on Friday, June 11th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, June 10th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.91%. The Williams Companies’s dividend payout ratio (DPR) is presently 149.09%.

A number of equities analysts recently commented on the company. TD Securities raised their target price on The Williams Companies from $25.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, May 5th. Argus raised The Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, May 17th. Royal Bank of Canada raised their target price on The Williams Companies from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 19th. Morgan Stanley lifted their price target on The Williams Companies from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, March 22nd. Finally, Scotiabank raised The Williams Companies from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, March 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.83.

The Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, and West segments. The Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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Institutional Ownership by Quarter for The Williams Companies (NYSE:WMB)

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