Gs Investments Inc. boosted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 72.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,823 shares of the pipeline company’s stock after purchasing an additional 20,153 shares during the period. Gs Investments Inc.’s holdings in Williams Companies were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP lifted its position in Williams Companies by 764.2% during the second quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock valued at $4,520,000 after purchasing an additional 147,452 shares during the period. Botty Investors LLC increased its holdings in Williams Companies by 104.6% in the third quarter. Botty Investors LLC now owns 58,831 shares of the pipeline company’s stock valued at $1,600,000 after buying an additional 30,077 shares in the last quarter. Tredje AP fonden increased its holdings in Williams Companies by 97.9% in the second quarter. Tredje AP fonden now owns 307,565 shares of the pipeline company’s stock valued at $8,338,000 after buying an additional 152,119 shares in the last quarter. Linscomb & Williams Inc. purchased a new position in Williams Companies in the second quarter valued at $3,708,000. Finally, Swiss National Bank increased its holdings in Williams Companies by 3.1% in the second quarter. Swiss National Bank now owns 2,735,241 shares of the pipeline company’s stock valued at $74,152,000 after buying an additional 82,700 shares in the last quarter. Institutional investors own 88.44% of the company’s stock.
In related news, insider John D. Chandler bought 10,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average price of $25.94 per share, with a total value of $259,400.00. Following the completion of the purchase, the insider now directly owns 26,582 shares of the company’s stock, valued at $689,537.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chad J. Zamarin bought 2,500 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were bought at an average cost of $25.69 per share, with a total value of $64,225.00. Following the purchase, the insider now directly owns 28,970 shares of the company’s stock, valued at $744,239.30. The disclosure for this purchase can be found here. Insiders have bought 38,500 shares of company stock valued at $993,625 in the last three months. Corporate insiders own 0.53% of the company’s stock.
A number of research analysts have weighed in on the stock. ValuEngine cut shares of Williams Companies from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America cut their price objective on shares of Williams Companies from $38.00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Seaport Global Securities assumed coverage on shares of Williams Companies in a report on Friday, October 19th. They issued a “buy” rating and a $31.00 price objective for the company. Zacks Investment Research raised shares of Williams Companies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, US Capital Advisors raised shares of Williams Companies from a “hold” rating to an “overweight” rating in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.07.
WMB stock opened at $25.33 on Friday. The stock has a market cap of $21.31 billion, a PE ratio of 40.21, a P/E/G ratio of 5.14 and a beta of 1.57. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.72 and a quick ratio of 0.66. Williams Companies Inc has a 52 week low of $23.54 and a 52 week high of $33.67.
Williams Companies (NYSE:WMB) last released its earnings results on Wednesday, October 31st. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. During the same quarter in the previous year, the company earned $0.04 earnings per share. As a group, equities analysts anticipate that Williams Companies Inc will post 0.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.37%. Williams Companies’s dividend payout ratio is currently 215.87%.
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About Williams Companies
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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