Ingalls & Snyder LLC Decreases Holdings in Williams Companies Inc (WMB)
Ingalls & Snyder LLC trimmed its position in shares of Williams Companies Inc (NYSE:WMB) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,763,574 shares of the pipeline company’s stock after selling 85,850 shares during the quarter. Williams Companies makes up 2.4% of Ingalls & Snyder LLC’s portfolio, making the stock its 8th biggest holding. Ingalls & Snyder LLC owned 0.15% of Williams Companies worth $50,650,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Williams Companies by 47.6% in the third quarter. Vanguard Group Inc. now owns 93,159,173 shares of the pipeline company’s stock worth $2,532,998,000 after acquiring an additional 30,031,200 shares during the last quarter. Vanguard Group Inc increased its stake in Williams Companies by 47.6% in the third quarter. Vanguard Group Inc now owns 93,159,173 shares of the pipeline company’s stock valued at $2,532,998,000 after purchasing an additional 30,031,200 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Williams Companies by 149.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock valued at $1,138,898,000 after purchasing an additional 25,063,078 shares during the last quarter. Clearbridge Investments LLC increased its stake in Williams Companies by 70.8% in the third quarter. Clearbridge Investments LLC now owns 17,872,475 shares of the pipeline company’s stock valued at $485,953,000 after purchasing an additional 7,406,900 shares during the last quarter. Finally, Capital International Investors increased its stake in Williams Companies by 25.4% in the third quarter. Capital International Investors now owns 17,209,247 shares of the pipeline company’s stock valued at $467,919,000 after purchasing an additional 3,480,547 shares during the last quarter. Institutional investors own 90.20% of the company’s stock.
NYSE:WMB traded up $0.10 during trading hours on Thursday, reaching $28.76. 4,507,337 shares of the stock were exchanged, compared to its average volume of 7,795,499. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.40. Williams Companies Inc has a 52 week low of $20.36 and a 52 week high of $32.22. The company has a market cap of $34.60 billion, a PE ratio of 36.41, a P/E/G ratio of 4.49 and a beta of 1.73.
The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Williams Companies’s previous quarterly dividend of $0.34. Williams Companies’s dividend payout ratio (DPR) is currently 192.41%.
Several research firms recently commented on WMB. Mizuho set a $32.00 target price on Williams Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Evercore ISI began coverage on Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. Bank of America set a $30.00 target price on Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Wednesday, January 30th. Finally, Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $32.21.
In other news, insider Walter J. Bennett sold 14,859 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $27.13, for a total transaction of $403,124.67. Following the sale, the insider now directly owns 116,881 shares in the company, valued at approximately $3,170,981.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen B. Cooper sold 9,615 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $27.39, for a total value of $263,354.85. Following the sale, the director now owns 32,272 shares in the company, valued at $883,930.08. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Williams Companies Company 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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