WEALTHFRONT Corp raised its position in Williams Companies Inc (NYSE:WMB) by 13.8% during the 3rd quarter, Holdings Channel reports. The firm owned 33,445 shares of the pipeline company’s stock after acquiring an additional 4,050 shares during the quarter. WEALTHFRONT Corp’s holdings in Williams Companies were worth $909,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Williams Companies by 149.0% during 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 acquiring an additional 25,063,078 shares during the last quarter. FMR LLC boosted its stake in shares of Williams Companies by 5.0% during the third quarter. FMR LLC now owns 30,053,410 shares of the pipeline company’s stock valued at $817,152,000 after acquiring an additional 1,438,941 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Williams Companies by 0.3% during the third quarter. Franklin Resources Inc. now owns 28,977,513 shares of the pipeline company’s stock valued at $787,899,000 after acquiring an additional 93,386 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Williams Companies by 270.4% during the third quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock valued at $571,344,000 after acquiring an additional 15,340,711 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Williams Companies by 221.1% during the third quarter. OppenheimerFunds Inc. now owns 15,689,208 shares of the pipeline company’s stock valued at $426,589,000 after acquiring an additional 10,803,288 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

In other Williams Companies news, insider John D. Chandler bought 10,000 shares of Williams Companies stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average cost of $25.94 per share, for a total transaction of $259,400.00. Following the completion of the transaction, the insider now owns 26,582 shares of the company’s stock, valued at approximately $689,537.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Creel bought 25,000 shares of Williams Companies stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average price of $25.77 per share, for a total transaction of $644,250.00. Following the completion of the transaction, the director now directly owns 20,907 shares of the company’s stock, valued at approximately $538,773.39. The disclosure for this purchase can be found here. Insiders have purchased 38,500 shares of company stock worth $993,625 over the last quarter. 0.53% of the stock is currently owned by company insiders.

A number of analysts recently commented on the company. UBS Group increased their price objective on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Bank of America reaffirmed a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. US Capital Advisors lowered Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, August 24th. Morgan Stanley set a $35.00 price objective on Williams Companies and gave the company an “overweight” rating in a research note on Thursday, August 16th. Finally, Wells Fargo & Co decreased their price objective on Williams Companies from $35.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.76.

NYSE WMB opened at $24.48 on Friday. Williams Companies Inc has a twelve month low of $23.54 and a twelve month high of $33.67. The stock has a market cap of $29.69 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 4.90 and a beta of 1.59. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27.

Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $0.04 earnings per share. On average, equities analysts anticipate that Williams Companies Inc will post 0.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a yield of 5.56%. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.

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About Williams Companies

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

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