Pentwater Capital Management LP Has $5.33 Million Position in Williams Companies Inc (NYSE:WMB)
Pentwater Capital Management LP lowered its holdings in Williams Companies Inc (NYSE:WMB) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 190,000 shares of the pipeline company’s stock after selling 10,000 shares during the quarter. Pentwater Capital Management LP’s holdings in Williams Companies were worth $5,328,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of WMB. Truvestments Capital LLC lifted its stake in shares of Williams Companies by 360.6% during the second quarter. Truvestments Capital LLC now owns 958 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 750 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Williams Companies during the second quarter valued at $30,000. Cornerstone Advisors Inc. lifted its stake in shares of Williams Companies by 75.9% during the first quarter. Cornerstone Advisors Inc. now owns 1,302 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 562 shares during the period. NuWave Investment Management LLC lifted its stake in shares of Williams Companies by 1,679.2% during the second quarter. NuWave Investment Management LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 1,612 shares during the period. Finally, Rational Advisors LLC lifted its stake in shares of Williams Companies by 1,679.2% during the second quarter. Rational Advisors LLC now owns 1,708 shares of the pipeline company’s stock valued at $48,000 after acquiring an additional 1,612 shares during the period. 87.62% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on the company. Citigroup cut their price target on Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Scotiabank assumed coverage on Williams Companies in a research note on Tuesday, September 3rd. They set a “sector perform” rating and a $28.00 price target on the stock. Raymond James raised Williams Companies from an “outperform” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, June 26th. They noted that the move was a valuation call. ValuEngine lowered Williams Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus cut their price target on Williams Companies from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Williams Companies has a consensus rating of “Buy” and a consensus target price of $29.19.
Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.13 billion. Williams Companies had a return on equity of 6.46% and a net margin of 0.73%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, analysts forecast that Williams Companies Inc will post 0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a yield of 6.17%. Williams Companies’s dividend payout ratio is presently 192.41%.
In related news, SVP Terrance Lane Wilson acquired 4,000 shares of the company’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 owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John D. Chandler acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $23.24 per share, with a total value of $232,400.00. Following the acquisition, the insider now directly owns 63,052 shares of the company’s stock, valued at approximately $1,465,328.48. The disclosure for this purchase can be found here. Insiders purchased 44,000 shares of company stock valued at $1,028,200 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.
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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