Eaton Vance Management increased its position in shares of Williams Companies (NYSE:WMB) by 36.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,380 shares of the pipeline company’s stock after acquiring an additional 40,884 shares during the quarter. Eaton Vance Management’s holdings in Williams Companies were worth $3,788,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealthfront Inc. boosted its stake in Williams Companies by 97.8% during the 1st quarter. Wealthfront Inc. now owns 33,341 shares of the pipeline company’s stock worth $829,000 after acquiring an additional 16,487 shares during the last quarter. Hourglass Capital LLC boosted its stake in Williams Companies by 103.4% during the 1st quarter. Hourglass Capital LLC now owns 344,454 shares of the pipeline company’s stock worth $8,563,000 after acquiring an additional 175,120 shares during the last quarter. Chicago Equity Partners LLC bought a new position in Williams Companies during the 1st quarter worth approximately $220,000. Trust Asset Management LLC boosted its stake in Williams Companies by 153.5% during the 1st quarter. Trust Asset Management LLC now owns 769,519 shares of the pipeline company’s stock worth $19,073,000 after acquiring an additional 465,936 shares during the last quarter. Finally, AGF Investments Inc. raised its holdings in Williams Companies by 1.4% during the 1st quarter. AGF Investments Inc. now owns 1,090,629 shares of the pipeline company’s stock worth $27,113,000 after buying an additional 15,539 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.
Williams Companies opened at $27.80 on Monday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.11. Williams Companies has a 12-month low of $24.00 and a 12-month high of $33.67. The company has a market capitalization of $23.01 billion, a PE ratio of 44.13 and a beta of 1.38.
Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Wednesday, May 2nd. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Williams Companies had a net margin of 24.02% and a return on equity of 3.61%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business earned $0.14 earnings per share. analysts predict that Williams Companies will post 0.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 25th. Stockholders of record on Friday, June 8th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.89%. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
In other news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.28, for a total value of $56,560.00. Following the sale, the vice president now directly owns 17,945 shares in the company, valued at $507,484.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the sale, the director now owns 45,465 shares in the company, valued at $1,287,114.15. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
Several brokerages have commented on WMB. Scotiabank upgraded shares of Williams Companies from a “sector perform” rating to a “buy” rating in a report on Friday. ValuEngine downgraded shares of Williams Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Jefferies Group restated a “buy” rating and set a $34.00 target price on shares of Williams Companies in a report on Wednesday, April 25th. Seaport Global Securities began coverage on shares of Williams Companies in a report on Wednesday, April 25th. They set a “buy” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Williams Companies from a “strong sell” rating to a “hold” rating in a report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.21.
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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