Lido Advisors LLC acquired a new position in shares of Williams Companies Inc (NYSE:WMB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,866 shares of the pipeline company’s stock, valued at approximately $512,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eqis Capital Management Inc. bought a new stake in Williams Companies during the 2nd quarter worth approximately $332,000. Dupont Capital Management Corp grew its position in Williams Companies by 78.6% during the 2nd quarter. Dupont Capital Management Corp now owns 10,804 shares of the pipeline company’s stock worth $293,000 after acquiring an additional 4,755 shares during the last quarter. TD Asset Management Inc. grew its position in Williams Companies by 14.3% during the 2nd quarter. TD Asset Management Inc. now owns 278,583 shares of the pipeline company’s stock worth $7,552,000 after acquiring an additional 34,938 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Williams Companies by 15.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 103,635 shares of the pipeline company’s stock worth $2,810,000 after acquiring an additional 14,197 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Williams Companies during the 2nd quarter worth approximately $2,866,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.
WMB stock opened at $24.48 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a market capitalization of $29.69 billion, a PE ratio of 38.86, a P/E/G ratio of 4.90 and a beta of 1.59. Williams Companies Inc has a twelve month low of $23.54 and a twelve month high of $33.67.
Williams Companies (NYSE:WMB) last posted its quarterly earnings results on Wednesday, October 31st. The pipeline company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.16 billion. Williams Companies had a return on equity of 4.44% and a net margin of 24.15%. During the same quarter in the prior year, the business posted $0.04 EPS. On average, analysts expect that Williams Companies Inc will post 0.77 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, December 13th. Williams Companies’s dividend payout ratio (DPR) is currently 215.87%.
WMB has been the topic of several research reports. Seaport Global Securities initiated coverage on Williams Companies in a report on Friday, October 19th. They set a “buy” rating and a $31.00 price objective on the stock. Morgan Stanley set a $35.00 price objective on Williams Companies and gave the stock an “overweight” rating in a report on Thursday, August 16th. US Capital Advisors raised Williams Companies from a “hold” rating to an “overweight” rating in a report on Wednesday, October 17th. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “strong sell” rating in a report on Thursday, September 27th. Finally, Bank of America reduced their price objective on Williams Companies from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.76.
In related news, Director Michael A. Creel purchased 25,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were bought at an average price of $25.77 per share, with a total value of $644,250.00. Following the purchase, the director now directly owns 20,907 shares in the company, valued at approximately $538,773.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen B. Cooper sold 9,760 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $25.60, for a total value of $249,856.00. Following the completion of the transaction, the director now directly owns 41,887 shares in the company, valued at approximately $1,072,307.20. The disclosure for this sale can be found here. In the last three months, insiders bought 38,500 shares of company stock worth $993,625. 0.53% of the stock is currently owned by company insiders.
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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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