Interval Partners LP Buys 50,273 Shares of The Williams Companies, Inc. (NYSE:WMB)

Interval Partners LP grew its stake in shares of The Williams Companies, Inc. (NYSE:WMBFree Report) by 172.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,368 shares of the pipeline company’s stock after acquiring an additional 50,273 shares during the quarter. Interval Partners LP’s holdings in Williams Companies were worth $4,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WMB. Barclays PLC increased its holdings in shares of Williams Companies by 3.4% during the third quarter. Barclays PLC now owns 3,271,141 shares of the pipeline company’s stock valued at $149,326,000 after acquiring an additional 108,675 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Williams Companies by 2.3% during the third quarter. Principal Financial Group Inc. now owns 1,576,165 shares of the pipeline company’s stock valued at $71,952,000 after acquiring an additional 35,981 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Williams Companies by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 35,660 shares of the pipeline company’s stock valued at $1,930,000 after acquiring an additional 872 shares in the last quarter. Czech National Bank increased its holdings in shares of Williams Companies by 6.4% during the fourth quarter. Czech National Bank now owns 264,306 shares of the pipeline company’s stock valued at $14,304,000 after acquiring an additional 15,997 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of Williams Companies by 63.5% during the fourth quarter. Brookstone Capital Management now owns 19,758 shares of the pipeline company’s stock valued at $1,069,000 after acquiring an additional 7,676 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on WMB shares. CIBC increased their price objective on Williams Companies from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Royal Bank of Canada increased their price objective on Williams Companies from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Barclays increased their price objective on Williams Companies from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Morgan Stanley increased their price objective on Williams Companies from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Finally, Citigroup increased their price objective on Williams Companies from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Williams Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

Get Our Latest Report on Williams Companies

Insider Activity

In related news, COO Micheal G. Dunn sold 96,687 shares of Williams Companies stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.04, for a total transaction of $5,128,278.48. Following the sale, the chief operating officer now owns 714,693 shares of the company’s stock, valued at approximately $37,907,316.72. This trade represents a 11.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Chad A. Teply sold 26,000 shares of Williams Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $56.46, for a total value of $1,467,960.00. Following the sale, the senior vice president now directly owns 133,048 shares in the company, valued at $7,511,890.08. This trade represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,583 shares of company stock valued at $7,563,278 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Williams Companies Trading Up 1.1%

Shares of NYSE:WMB opened at $57.67 on Monday. The stock has a market capitalization of $70.32 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 5.01 and a beta of 0.66. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.45 and a current ratio of 0.50. The stock’s 50-day simple moving average is $57.91 and its two-hundred day simple moving average is $56.73. The Williams Companies, Inc. has a 52-week low of $39.57 and a 52-week high of $61.67.

Williams Companies (NYSE:WMBGet Free Report) last announced its earnings results on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that The Williams Companies, Inc. will post 2.08 EPS for the current year.

Williams Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. Williams Companies’s payout ratio is currently 106.95%.

Williams Companies Profile

(Free Report)

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.

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

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