Arrow Financial Corp Acquires 1,597 Shares of Williams Companies Inc (NYSE:WMB)

Arrow Financial Corp grew its holdings in Williams Companies Inc (NYSE:WMB) by 19.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,023 shares of the pipeline company’s stock after buying an additional 1,597 shares during the quarter. Arrow Financial Corp’s holdings in Williams Companies were worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Williams Companies by 1.4% in the 2nd quarter. BlackRock Inc. now owns 134,858,059 shares of the pipeline company’s stock worth $3,781,421,000 after buying an additional 1,858,174 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Williams Companies by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 98,470,448 shares of the pipeline company’s stock worth $2,761,112,000 after buying an additional 1,019,500 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in shares of Williams Companies by 1.4% in the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 20,634,853 shares of the pipeline company’s stock worth $578,589,000 after buying an additional 280,500 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Williams Companies by 255.8% in the 2nd quarter. Invesco Ltd. now owns 20,233,420 shares of the pipeline company’s stock worth $567,345,000 after buying an additional 14,547,225 shares during the last quarter. Finally, Brookfield Asset Management Inc. increased its holdings in shares of Williams Companies by 1.4% in the 2nd quarter. Brookfield Asset Management Inc. now owns 15,942,249 shares of the pipeline company’s stock worth $447,020,000 after buying an additional 217,262 shares during the last quarter. 87.49% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on WMB shares. Credit Suisse Group decreased their price target on shares of Williams Companies from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Williams Companies from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Citigroup decreased their price target on shares of Williams Companies from $31.00 to $27.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. TD Securities started coverage on shares of Williams Companies in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Finally, ValuEngine raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.97.

Shares of Williams Companies stock opened at $22.97 on Tuesday. Williams Companies Inc has a 52-week low of $20.36 and a 52-week high of $29.55. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 3.71 and a beta of 1.55. The company has a fifty day moving average of $23.81 and a 200-day moving average of $25.92. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.56 and a current ratio of 0.60.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. Williams Companies had a net margin of 0.73% and a return on equity of 6.46%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that Williams Companies Inc will post 0.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.62%. Williams Companies’s dividend payout ratio (DPR) is 192.41%.

In other news, SVP Terrance Lane Wilson purchased 4,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $23.60 per share, with a total value of $94,400.00. Following the transaction, the senior vice president now directly owns 43,726 shares of the company’s stock, valued at approximately $1,031,933.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen W. Bergstrom purchased 10,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $22.99 per share, with a total value of $229,900.00. Following the transaction, the director now directly owns 54,965 shares in the company, valued at $1,263,645.35. The disclosure for this purchase can be found here. Insiders bought a total of 44,000 shares of company stock valued at $1,028,200 in the last ninety days. 0.26% of the stock is owned by corporate insiders.

Williams Companies 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.

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

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