Williams Companies Inc (WMB) Shares Bought by Synovus Financial Corp

Synovus Financial Corp boosted its holdings in Williams Companies Inc (NYSE:WMB) by 138.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,551 shares of the pipeline company’s stock after purchasing an additional 3,225 shares during the period. Synovus Financial Corp’s holdings in Williams Companies were worth $150,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Daiwa Securities Group Inc. lifted its stake in Williams Companies by 6.7% in the second quarter. Daiwa Securities Group Inc. now owns 28,648 shares of the pipeline company’s stock worth $777,000 after purchasing an additional 1,790 shares during the last quarter. Arrow Financial Corp lifted its stake in Williams Companies by 45.0% in the third quarter. Arrow Financial Corp now owns 6,071 shares of the pipeline company’s stock worth $165,000 after purchasing an additional 1,884 shares during the last quarter. First Allied Advisory Services Inc. lifted its stake in Williams Companies by 9.3% in the second quarter. First Allied Advisory Services Inc. now owns 23,454 shares of the pipeline company’s stock worth $642,000 after purchasing an additional 1,988 shares during the last quarter. Bray Capital Advisors lifted its stake in Williams Companies by 100.0% in the second quarter. Bray Capital Advisors now owns 4,000 shares of the pipeline company’s stock worth $108,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Parkwood LLC lifted its stake in Williams Companies by 11.3% in the second quarter. Parkwood LLC now owns 20,417 shares of the pipeline company’s stock worth $554,000 after purchasing an additional 2,078 shares during the last quarter. 88.44% of the stock is owned by institutional investors and hedge funds.

In related news, Director Michael A. Creel purchased 25,000 shares of Williams Companies stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $25.77 per share, for a total transaction of $644,250.00. Following the completion of the transaction, the director now directly owns 20,907 shares of the company’s stock, valued at $538,773.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson purchased 1,000 shares of Williams Companies stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $25.75 per share, for a total transaction of $25,750.00. Following the transaction, the senior vice president now directly owns 17,844 shares of the company’s stock, valued at $459,483. The disclosure for this purchase can be found here. Insiders acquired 38,500 shares of company stock worth $993,625 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

WMB stock opened at $25.33 on Friday. Williams Companies Inc has a 12-month low of $23.54 and a 12-month high of $33.67. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 5.29 and a beta of 1.57. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72.

Williams Companies (NYSE:WMB) last released its quarterly earnings data on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Williams Companies had a net margin of 24.15% and a return on equity of 4.44%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.04 earnings per share. As a group, equities analysts predict that Williams Companies Inc will post 0.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Thursday, December 13th. Williams Companies’s payout ratio is 215.87%.

Several research firms have weighed in on WMB. UBS Group boosted their price target on shares of Williams Companies from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Stifel Nicolaus began coverage on shares of Williams Companies in a research note on Tuesday, August 7th. They issued a “buy” rating and a $35.00 price target for the company. Bank of America reissued a “buy” rating on shares of Williams Companies in a research note on Tuesday, August 21st. US Capital Advisors downgraded shares of Williams Companies from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research note on Friday, August 24th. Finally, Morgan Stanley set a $35.00 price target on shares of Williams Companies and gave the stock an “overweight” rating in a research note on Thursday, August 16th. One investment 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’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.07.

TRADEMARK VIOLATION NOTICE: This report was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright and trademark law. The original version of this report can be read at https://transcriptdaily.com/2018/11/10/williams-companies-inc-wmb-shares-bought-by-synovus-financial-corp.html.

Williams Companies 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.

Further Reading: The Discount Rate – What You Need to Know

Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies Inc (NYSE:WMB).

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

Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply