Plancorp LLC Purchases New Holdings in Williams Companies Inc (WMB)
Plancorp LLC acquired a new stake in Williams Companies Inc (NYSE:WMB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,787 shares of the pipeline company’s stock, valued at approximately $348,000.
A number of other large investors have also recently bought and sold shares of WMB. Tortoise Capital Advisors L.L.C. boosted its position in Williams Companies by 149.0% in the 3rd 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 buying an additional 25,063,078 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Williams Companies by 270.4% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock valued at $571,344,000 after buying an additional 15,340,711 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Williams Companies by 221.1% in the 3rd quarter. OppenheimerFunds Inc. now owns 15,689,208 shares of the pipeline company’s stock valued at $426,589,000 after buying an additional 10,803,288 shares during the last quarter. Commonwealth Bank of Australia boosted its position in Williams Companies by 6,069.7% in the 3rd quarter. Commonwealth Bank of Australia now owns 7,433,838 shares of the pipeline company’s stock valued at $202,109,000 after buying an additional 7,313,349 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Williams Companies by 359.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846,406 shares of the pipeline company’s stock valued at $240,534,000 after buying an additional 6,920,686 shares during the last quarter. 91.16% of the stock is owned by institutional investors.
Shares of WMB stock traded down $0.65 during trading hours on Wednesday, hitting $25.05. 8,248,603 shares of the company were exchanged, compared to its average volume of 9,035,631. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72. Williams Companies Inc has a one year low of $23.54 and a one year high of $33.67. The stock has a market capitalization of $30.65 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 5.13 and a beta of 1.59.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.34 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a yield of 5.43%. Williams Companies’s dividend payout ratio is currently 215.87%.
In other Williams Companies news, Director Kathleen B. Cooper sold 9,760 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $25.60, for a total value of $249,856.00. Following the transaction, the director now owns 41,887 shares of the company’s stock, valued at $1,072,307.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad J. Zamarin bought 2,500 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $25.69 per share, for a total transaction of $64,225.00. Following the acquisition, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The disclosure for this purchase can be found here. Insiders acquired 38,500 shares of company stock worth $993,625 in the last three months. 0.50% of the stock is currently owned by corporate insiders.
A number of research firms have weighed in on WMB. Stifel Nicolaus began coverage on shares of Williams Companies in a research report on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price objective for the company. Zacks Investment Research reissued a “buy” rating and issued a $29.00 price objective on shares of Williams Companies in a research report on Saturday, November 17th. Mizuho began coverage on shares of Williams Companies in a research report on Wednesday, November 28th. They issued a “buy” rating and a $32.00 price objective for the company. UBS Group upped their price objective on shares of Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $32.76.
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Williams Companies Profile
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.
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