G&S Capital LLC bought a new stake in Williams Companies Inc (NYSE:WMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 101,546 shares of the pipeline company’s stock, valued at approximately $3,096,000. Williams Companies comprises approximately 2.3% of G&S Capital LLC’s portfolio, making the stock its 21st largest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Williams Companies by 12.4% in the 4th quarter. BlackRock Inc. now owns 77,428,540 shares of the pipeline company’s stock valued at $2,360,797,000 after acquiring an additional 8,532,633 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Williams Companies by 0.5% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 15,290,873 shares of the pipeline company’s stock valued at $458,879,000 after acquiring an additional 78,109 shares during the last quarter. Harvest Fund Advisors LLC lifted its stake in shares of Williams Companies by 2.9% in the 3rd quarter. Harvest Fund Advisors LLC now owns 11,275,449 shares of the pipeline company’s stock valued at $338,376,000 after acquiring an additional 317,446 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Williams Companies by 11.3% in the 4th quarter. Clearbridge Investments LLC now owns 10,568,640 shares of the pipeline company’s stock valued at $322,238,000 after acquiring an additional 1,075,388 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Williams Companies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 8,885,229 shares of the pipeline company’s stock valued at $270,355,000 after acquiring an additional 274,292 shares during the last quarter. 86.53% of the stock is owned by institutional investors.
In other Williams Companies news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $33.00, for a total transaction of $888,195.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen B. Cooper sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.31, for a total value of $113,240.00. Following the transaction, the director now owns 45,465 shares in the company, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. Insiders have sold a total of 32,915 shares of company stock valued at $1,057,995 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.
Williams Companies (NYSE:WMB) last released its quarterly earnings results on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. Williams Companies had a return on equity of 3.38% and a net margin of 27.07%. During the same quarter in the prior year, the company posted ($0.02) EPS. equities research analysts forecast that Williams Companies Inc will post 0.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be given a dividend of $0.34 per share. This is a positive change from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.36 dividend on an annualized basis and a yield of 4.81%. Williams Companies’s dividend payout ratio is presently 51.91%.
A number of research firms have recently weighed in on WMB. Jefferies Group reissued a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a research note on Friday, January 12th. Barclays lowered Williams Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $36.00 to $35.00 in a research note on Wednesday, January 17th. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 target price on shares of Williams Companies in a research note on Tuesday, January 16th. Bank of America began coverage on Williams Companies in a research note on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, Credit Suisse Group began coverage on Williams Companies in a research note on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Williams Companies presently has an average rating of “Buy” and a consensus target price of $35.27.
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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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