Beck Mack & Oliver LLC boosted its stake in Williams Cos. (NYSE:WMB) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 553,005 shares of the company’s stock after buying an additional 16,900 shares during the period. Beck Mack & Oliver LLC’s holdings in Williams Cos. were worth $11,961,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in WMB. BLB&B Advisors LLC raised its stake in shares of Williams Cos. by 0.6% in the second quarter. BLB&B Advisors LLC now owns 26,910 shares of the company’s stock valued at $582,000 after buying an additional 160 shares during the period. Capital Investment Advisors LLC raised its stake in shares of Williams Cos. by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 53,926 shares of the company’s stock valued at $1,166,000 after buying an additional 228 shares during the period. Conning Inc. raised its stake in shares of Williams Cos. by 1.5% in the second quarter. Conning Inc. now owns 16,591 shares of the company’s stock valued at $359,000 after buying an additional 240 shares during the period. Trust Co. of Oklahoma raised its stake in shares of Williams Cos. by 2.2% in the second quarter. Trust Co. of Oklahoma now owns 11,400 shares of the company’s stock valued at $247,000 after buying an additional 250 shares during the period. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of Williams Cos. by 4.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,832 shares of the company’s stock valued at $213,000 after buying an additional 402 shares during the period. 83.73% of the stock is owned by institutional investors.
Shares of Williams Cos. (NYSE:WMB) traded up 3.80% during trading on Wednesday, reaching $30.35. The company’s stock had a trading volume of 6,797,464 shares. Williams Cos. has a 12-month low of $10.22 and a 12-month high of $41.66. The company has a 50 day moving average of $29.92 and a 200-day moving average of $23.94. The stock’s market cap is $22.78 billion.
Williams Cos. (NYSE:WMB) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.03. Williams Cos. had a positive return on equity of 2.14% and a negative net margin of 16.82%. During the same period in the previous year, the firm posted $0.15 earnings per share. Analysts forecast that Williams Cos. will post $0.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Friday, September 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Wednesday, September 7th. Williams Cos.’s dividend payout ratio is currently -49.38%.
A number of research firms have weighed in on WMB. Zacks Investment Research raised Williams Cos. from a “sell” rating to a “hold” rating and set a $33.00 target price for the company in a report on Monday. Jefferies Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Williams Cos. in a report on Sunday. Argus reaffirmed a “buy” rating and set a $36.00 target price (up previously from $31.00) on shares of Williams Cos. in a report on Wednesday, October 5th. Stephens began coverage on Williams Cos. in a report on Thursday, September 29th. They set an “equal weight” rating and a $32.00 target price for the company. Finally, RBC Capital Markets began coverage on Williams Cos. in a report on Monday, September 26th. They set an “outperform” rating and a $39.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Cos. has an average rating of “Buy” and a consensus price target of $30.02.
In related news, VP Ted T. Timmermans sold 2,000 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $26.23, for a total transaction of $52,460.00. Following the completion of the sale, the vice president now owns 13,803 shares in the company, valued at $362,052.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.87% of the company’s stock.
Williams Cos. Company Profile
The Williams Companies, Inc is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids and olefins. The Company’s segments include Williams Partners, Williams NGL & Petchem Services, and Other. Its Williams Partners segment consists of its consolidated partnership in Williams Partners L.P., including gas pipeline, which consists of interstate natural gas pipelines and pipeline joint project investments, and midstream business, which provides natural gas gathering, treating, processing and compression services.
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