Sei Investments Co. Has $12.21 Million Stake in Williams Companies Inc (WMB)
Sei Investments Co. grew its stake in Williams Companies Inc (NYSE:WMB) by 30.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 450,293 shares of the pipeline company’s stock after acquiring an additional 104,836 shares during the quarter. Sei Investments Co.’s holdings in Williams Companies were worth $12,208,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP increased its holdings in shares of Williams Companies by 204.8% in the 1st quarter. Quantbot Technologies LP now owns 134,183 shares of the pipeline company’s stock valued at $3,335,000 after acquiring an additional 90,162 shares during the period. Patriot Wealth Management Inc. grew its stake in Williams Companies by 2.4% during the 2nd quarter. Patriot Wealth Management Inc. now owns 290,162 shares of the pipeline company’s stock worth $7,866,000 after buying an additional 6,679 shares during the last quarter. Intact Investment Management Inc. grew its stake in Williams Companies by 7.7% during the 2nd quarter. Intact Investment Management Inc. now owns 128,400 shares of the pipeline company’s stock worth $3,480,000 after buying an additional 9,200 shares during the last quarter. Rothschild Investment Corp IL grew its stake in Williams Companies by 42.0% during the 2nd quarter. Rothschild Investment Corp IL now owns 15,155 shares of the pipeline company’s stock worth $411,000 after buying an additional 4,480 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Williams Companies during the 1st quarter worth $945,000. Institutional investors and hedge funds own 86.79% of the company’s stock.
In other Williams Companies news, VP Ted T. Timmermans sold 20,267 shares of Williams Companies stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $32.00, for a total transaction of $648,544.00. Following the completion of the sale, the vice president now owns 9,955 shares of the company’s stock, valued at approximately $318,560. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Frank J. Ferazzi sold 1,100 shares of Williams Companies stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $31.31, for a total value of $34,441.00. Following the sale, the senior vice president now directly owns 15,037 shares of the company’s stock, valued at approximately $470,808.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,759 shares of company stock valued at $1,030,952. 0.50% of the stock is currently owned by insiders.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Williams Companies had a return on equity of 3.82% and a net margin of 24.19%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $0.13 EPS. equities research analysts expect that Williams Companies Inc will post 0.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Friday, September 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.36 dividend on an annualized basis and a yield of 4.46%. Williams Companies’s dividend payout ratio is currently 215.87%.
WMB has been the topic of several research analyst reports. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a research note on Monday, July 23rd. ValuEngine upgraded Williams Companies from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 2nd. Jefferies Financial Group restated a “buy” rating and set a $34.00 target price on shares of Williams Companies in a research note on Wednesday, April 25th. Seaport Global Securities initiated coverage on Williams Companies in a research note on Wednesday, April 25th. They set a “buy” rating and a $28.00 target price on the stock. Finally, US Capital Advisors restated a “buy” rating on shares of Williams Companies in a research note on Tuesday, July 17th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $33.62.
Williams Companies Company 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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