Wedbush Securities Inc. boosted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 43.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,796 shares of the pipeline company’s stock after buying an additional 6,854 shares during the quarter. Wedbush Securities Inc.’s holdings in Williams Companies were worth $620,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of WMB. Tortoise Capital Advisors L.L.C. grew its position in shares of Williams Companies by 149.0% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 41,886,657 shares of the pipeline company’s stock valued at $1,138,898,000 after purchasing an additional 25,063,078 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its position in shares of Williams Companies by 270.4% in the third quarter. Kayne Anderson Capital Advisors LP now owns 21,013,475 shares of the pipeline company’s stock valued at $571,344,000 after purchasing an additional 15,340,711 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Williams Companies by 221.1% in the third quarter. OppenheimerFunds Inc. now owns 15,689,208 shares of the pipeline company’s stock valued at $426,589,000 after purchasing an additional 10,803,288 shares during the last quarter. Commonwealth Bank of Australia grew its position in shares of Williams Companies by 6,069.7% in the third quarter. Commonwealth Bank of Australia now owns 7,433,838 shares of the pipeline company’s stock valued at $202,109,000 after purchasing an additional 7,313,349 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Williams Companies by 359.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,846,406 shares of the pipeline company’s stock valued at $240,534,000 after purchasing an additional 6,920,686 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research reaffirmed a “buy” rating and issued a $29.00 price target on shares of Williams Companies in a research report on Saturday, November 17th. UBS Group raised their price target on Williams Companies from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Mizuho assumed coverage on Williams Companies in a research report on Wednesday, November 28th. They issued a “buy” rating and a $32.00 price target on the stock. ValuEngine downgraded Williams Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, Morgan Stanley set a $35.00 target price on Williams Companies and gave the stock an “overweight” rating in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.76.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business earned $0.04 earnings per share. On average, sell-side analysts predict that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, December 13th. Williams Companies’s dividend payout ratio is 215.87%.
In other Williams Companies news, insider John D. Chandler purchased 10,000 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was purchased at an average price of $25.94 per share, for a total transaction of $259,400.00. Following the completion of the purchase, the insider now directly owns 26,582 shares in the company, valued at $689,537.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Terrance Lane Wilson purchased 1,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were acquired at an average price of $25.75 per share, with a total value of $25,750.00. Following the purchase, the senior vice president now owns 17,844 shares of the company’s stock, valued at $459,483. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 38,500 shares of company stock valued at $993,625. Corporate insiders own 0.53% of the company’s stock.
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Williams Companies Company Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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