BB&T Securities LLC raised its stake in shares of Williams Companies Inc (NYSE:WMB) by 67.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 74,263 shares of the pipeline company’s stock after purchasing an additional 29,910 shares during the period. BB&T Securities LLC’s holdings in Williams Companies were worth $2,264,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Williams Companies during the 3rd quarter valued at about $105,000. SeaCrest Wealth Management LLC acquired a new position in Williams Companies during the 4th quarter valued at about $117,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Williams Companies in the 3rd quarter worth approximately $172,000. Eqis Capital Management Inc. purchased a new position in shares of Williams Companies in the 4th quarter worth approximately $201,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Williams Companies in the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 86.46% of the company’s stock.
Shares of Williams Companies Inc (NYSE WMB) opened at $25.64 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. The company has a market cap of $21,212.66, a P/E ratio of 9.79 and a beta of 1.38. Williams Companies Inc has a 1-year low of $24.76 and a 1-year high of $33.67.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Friday, March 9th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, March 8th. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. Williams Companies’s payout ratio is 51.91%.
In related news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.28, for a total value of $56,560.00. Following the sale, the vice president now owns 17,945 shares of the company’s stock, valued at approximately $507,484.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the sale, the director now directly owns 45,465 shares in the company, valued at approximately $1,287,114.15. The disclosure for this sale can be found here. Insiders sold a total of 32,915 shares of company stock worth $1,057,995 in the last ninety days. 0.53% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on the company. Jefferies Group restated a “buy” rating and issued a $37.00 target price on shares of Williams Companies in a research note on Friday, January 12th. Barclays downgraded Williams Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $36.00 to $35.00 in a research note on Wednesday, January 17th. Royal Bank of Canada restated 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 assumed coverage on Williams Companies in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Finally, Credit Suisse Group assumed coverage on Williams Companies in a research note on Thursday, January 4th. They issued an “outperform” rating and a $36.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.27.
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About Williams Companies
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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