Hartford Financial Management Inc. lifted its holdings in shares of Williams Companies Inc (NYSE:WMB) by 14.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 40,631 shares of the pipeline company’s stock after buying an additional 5,046 shares during the period. Hartford Financial Management Inc.’s holdings in Williams Companies were worth $1,167,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Squar Milner Financial Services LLC raised its stake in Williams Companies by 8.9% in the 1st quarter. Squar Milner Financial Services LLC now owns 4,552 shares of the pipeline company’s stock valued at $130,000 after purchasing an additional 371 shares during the last quarter. Nicholas Company Inc. raised its stake in Williams Companies by 0.3% in the 4th quarter. Nicholas Company Inc. now owns 146,219 shares of the pipeline company’s stock valued at $3,224,000 after purchasing an additional 390 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Williams Companies by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the pipeline company’s stock valued at $1,835,000 after purchasing an additional 400 shares during the last quarter. Versant Capital Management Inc raised its stake in Williams Companies by 24.7% in the 1st quarter. Versant Capital Management Inc now owns 2,221 shares of the pipeline company’s stock valued at $63,000 after purchasing an additional 440 shares during the last quarter. Finally, Sun Life Financial INC raised its stake in Williams Companies by 0.9% in the 4th quarter. Sun Life Financial INC now owns 53,947 shares of the pipeline company’s stock valued at $1,190,000 after purchasing an additional 462 shares during the last quarter. 90.08% of the stock is owned by institutional investors and hedge funds.
In other Williams Companies news, insider Walter J. Bennett sold 14,859 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $27.13, for a total value of $403,124.67. Following the completion of the sale, the insider now directly owns 116,881 shares of the company’s stock, valued at approximately $3,170,981.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.
Several research analysts recently commented on WMB shares. Zacks Investment Research raised Williams Companies from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, January 30th. Bank of America set a $30.00 price objective on Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Mizuho set a $32.00 price objective on Williams Companies and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Evercore ISI started coverage on Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $32.33.
Shares of WMB opened at $27.73 on Tuesday. Williams Companies Inc has a 52-week low of $20.36 and a 52-week high of $32.22. The firm has a market capitalization of $33.32 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 4.37 and a beta of 1.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.31 and a quick ratio of 0.28.
Williams Companies (NYSE:WMB) last issued its earnings results on Wednesday, May 1st. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Williams Companies had a positive return on equity of 5.56% and a negative net margin of 1.29%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the business earned $0.19 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts forecast that Williams Companies Inc will post 0.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Thursday, June 6th. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.
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Williams Companies Company Profile
The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.
Further Reading: Hedge Funds – Risk or Reward?
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