Standard Life Aberdeen plc boosted its stake in Williams Companies Inc (NYSE:WMB) by 28.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 540,895 shares of the pipeline company’s stock after purchasing an additional 120,083 shares during the quarter. Standard Life Aberdeen plc’s holdings in Williams Companies were worth $14,710,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Williams Companies by 57.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 169,411 shares of the pipeline company’s stock valued at $4,607,000 after buying an additional 61,772 shares in the last quarter. State Treasurer State of Michigan grew its stake in Williams Companies by 47.0% in the 3rd quarter. State Treasurer State of Michigan now owns 360,386 shares of the pipeline company’s stock worth $9,799,000 after acquiring an additional 115,300 shares in the last quarter. Swiss National Bank grew its stake in Williams Companies by 41.2% in the 3rd quarter. Swiss National Bank now owns 3,861,641 shares of the pipeline company’s stock worth $104,998,000 after acquiring an additional 1,126,400 shares in the last quarter. Hallmark Capital Management Inc. bought a new position in Williams Companies in the 3rd quarter worth about $381,000. Finally, Marshall Wace LLP grew its stake in Williams Companies by 764.2% in the 2nd quarter. Marshall Wace LLP now owns 166,746 shares of the pipeline company’s stock worth $4,520,000 after acquiring an additional 147,452 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.
Shares of NYSE WMB opened at $25.04 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $30.45 billion, a PE ratio of 39.75, a P/E/G ratio of 4.01 and a beta of 1.50. Williams Companies Inc has a 52-week low of $20.36 and a 52-week 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, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $2.16 billion. During the same period last year, the firm posted $0.04 earnings per share. Research analysts predict that Williams Companies Inc will post 0.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Thursday, December 13th. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
In other news, Director Michael A. Creel purchased 25,000 shares of the stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $25.77 per share, for a total transaction of $644,250.00. Following the acquisition, the director now directly owns 20,907 shares of the company’s stock, valued at approximately $538,773.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Terrance Lane Wilson purchased 1,000 shares of the stock in a transaction on Friday, November 2nd. The shares were purchased at an average price of $25.75 per share, with a total value of $25,750.00. Following the acquisition, the senior vice president now directly owns 17,844 shares in the company, valued at $459,483. The disclosure for this purchase can be found here. Insiders bought a total of 38,500 shares of company stock worth $993,625 over the last three months. Insiders own 0.50% of the company’s stock.
A number of equities analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Williams Companies in a research note on Monday, October 8th. They issued a “neutral” rating and a $26.00 target price on the stock. Credit Suisse Group began coverage on shares of Williams Companies in a research note on Thursday, October 11th. They set an “outperform” rating and a $35.00 price objective on the stock. Zacks Investment Research downgraded shares of Williams Companies from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 27th. US Capital Advisors upgraded shares of Williams Companies from a “hold” rating to an “overweight” rating in a research note on Wednesday, October 17th. Finally, Seaport Global Securities assumed coverage on shares of Williams Companies in a research report on Friday, October 19th. They set a “buy” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.76.
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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.
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