Flinton Capital Management LLC lifted its position in shares of Williams Companies Inc (NYSE:WMB) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,372 shares of the pipeline company’s stock after buying an additional 5,936 shares during the period. Flinton Capital Management LLC’s holdings in Williams Companies were worth $895,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Williams Companies by 12.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,388 shares of the pipeline company’s stock worth $1,629,000 after buying an additional 5,914 shares during the last quarter. Elkfork Partners LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth $704,000. G&S Capital LLC acquired a new stake in shares of Williams Companies during the 4th quarter worth $3,096,000. Paloma Partners Management Co increased its holdings in shares of Williams Companies by 344.5% during the 4th quarter. Paloma Partners Management Co now owns 51,084 shares of the pipeline company’s stock worth $1,557,000 after buying an additional 39,591 shares during the last quarter. Finally, HBK Investments L P increased its holdings in shares of Williams Companies by 8.4% during the 4th quarter. HBK Investments L P now owns 1,679,100 shares of the pipeline company’s stock worth $51,196,000 after buying an additional 129,600 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.
Shares of Williams Companies stock opened at $27.21 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market capitalization of $22,511.58, a price-to-earnings ratio of 43.89 and a beta of 1.38. Williams Companies Inc has a twelve month low of $24.76 and a twelve month high of $33.67.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. During the same period in the prior year, the company posted ($0.02) EPS. equities analysts anticipate that Williams Companies Inc will post 0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Friday, March 9th will be given a $0.34 dividend. This is a boost from Williams Companies’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s dividend payout ratio is presently 51.91%.
A number of research firms have recently commented on WMB. Jefferies Group restated a “buy” rating and set a $37.00 price objective on shares of Williams Companies in a report on Friday, January 12th. Barclays downgraded Williams Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $36.00 to $35.00 in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 price target on shares of Williams Companies in a report on Tuesday, January 16th. Bank of America started coverage on Williams Companies in a report on Tuesday, January 9th. They issued a “buy” rating for the company. Finally, Credit Suisse Group started coverage on Williams Companies in a report on Thursday, January 4th. They issued an “outperform” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. Williams Companies currently has an average rating of “Buy” and an average target price of $35.27.
In other Williams Companies news, insider James E. Scheel sold 26,915 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $33.00, for a total value of $888,195.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ted T. Timmermans sold 2,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $28.28, for a total transaction of $56,560.00. Following the completion of the transaction, the vice president now directly owns 17,945 shares of the company’s stock, valued at $507,484.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,915 shares of company stock valued at $1,057,995. 0.50% of the stock is currently owned by corporate insiders.
Williams Companies Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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