Williams Companies Inc (WMB) Holdings Boosted by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. boosted its holdings in Williams Companies Inc (NYSE:WMB) by 111.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,947 shares of the pipeline company’s stock after buying an additional 10,525 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Williams Companies were worth $600,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. First Republic Investment Management Inc. raised its position in Williams Companies by 6.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 61,633 shares of the pipeline company’s stock worth $1,849,000 after buying an additional 3,826 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in Williams Companies by 19.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 10,986 shares of the pipeline company’s stock worth $330,000 after buying an additional 1,791 shares during the last quarter. Magnetar Financial LLC purchased a new position in Williams Companies in the 3rd quarter worth about $2,848,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Williams Companies by 5.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 432,492 shares of the pipeline company’s stock worth $12,979,000 after buying an additional 24,054 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Williams Companies by 44.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 97,573 shares of the pipeline company’s stock valued at $2,932,000 after purchasing an additional 29,816 shares during the last quarter. 84.84% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on WMB. Wolfe Research began coverage on shares of Williams Companies in a research report on Monday, September 25th. They set an “outperform” rating and a $34.00 price target for the company. BidaskClub raised shares of Williams Companies from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Morgan Stanley reduced their price target on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $36.00 price target on shares of Williams Companies in a research report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.83.
Williams Companies Inc (NYSE WMB) traded up $0.18 during midday trading on Wednesday, hitting $29.08. 4,871,100 shares of the stock traded hands, compared to its average volume of 6,410,377. Williams Companies Inc has a 12-month low of $26.82 and a 12-month high of $32.69. The stock has a market cap of $23,892.98, a price-to-earnings ratio of 48.98, a P/E/G ratio of 3.09 and a beta of 1.37. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38.
Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.79 billion. Williams Companies had a net margin of 5.90% and a return on equity of 3.23%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 earnings per share. analysts forecast that Williams Companies Inc will post 0.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Investors of record on Friday, December 8th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. Williams Companies’s dividend payout ratio (DPR) is presently 210.53%.
In related news, CEO Alan S. Armstrong acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the purchase, the chief executive officer now owns 345,527 shares in the company, valued at approximately $9,408,700.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ted T. Timmermans sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.75, for a total value of $43,125.00. Following the transaction, the vice president now owns 9,594 shares of the company’s stock, valued at $275,827.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 283,501 shares of company stock valued at $8,590,124. 0.50% of the stock is currently owned by corporate insiders.
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Williams Companies Company Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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