Redwood Investment Management LLC acquired a new stake in shares of Williams Companies (NYSE:WMB) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,147 shares of the pipeline company’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Woodard & Co. Asset Management Group Inc. ADV acquired a new position in Williams Companies during the 4th quarter worth about $112,000. SeaCrest Wealth Management LLC acquired a new position in Williams Companies during the 4th quarter worth about $117,000. KHP Capital LLC acquired a new position in Williams Companies during the 1st quarter worth about $152,000. Eqis Capital Management Inc. acquired a new position in Williams Companies during the 4th quarter worth about $201,000. Finally, Pineno Levin & Ford Asset Management Inc. acquired a new position in Williams Companies during the 4th quarter worth about $207,000. 85.43% of the stock is currently owned by institutional investors.
In other news, VP Ted T. Timmermans sold 2,000 shares of Williams Companies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.28, for a total value 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 approximately $507,484.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $28.31, for a total value of $113,240.00. Following the completion of the transaction, the director now directly owns 45,465 shares of the company’s stock, valued at $1,287,114.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,392 shares of company stock valued at $517,767. Corporate insiders own 0.53% of the company’s stock.
Several research analysts have commented on WMB shares. Zacks Investment Research downgraded Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. raised Williams Companies from a “neutral” rating to an “overweight” rating in a report on Friday, March 9th. Scotiabank reaffirmed a “hold” rating and set a $36.00 target price on shares of Williams Companies in a report on Monday, January 29th. UBS reaffirmed a “buy” rating and set a $36.00 target price (down from $37.00) on shares of Williams Companies in a report on Friday, March 2nd. Finally, Barclays cut their target price on Williams Companies from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.21.
Williams Companies opened at $27.69 on Thursday, Marketbeat.com reports. Williams Companies has a 1-year low of $24.00 and a 1-year high of $33.67. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.11 and a quick ratio of 1.03. The stock has a market capitalization of $22.95 billion, a PE ratio of 43.95 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Williams Companies had a return on equity of 3.61% and a net margin of 24.02%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $0.14 earnings per share. analysts expect that Williams Companies will post 0.9 earnings per share for the current 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 given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.91%. The ex-dividend date is Thursday, June 7th. Williams Companies’s dividend payout ratio (DPR) is presently 215.87%.
About Williams Companies
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.
Want to see what other hedge funds are holding WMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams Companies (NYSE:WMB).
Receive News & Ratings for Williams Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams Companies and related companies with MarketBeat.com's FREE daily email newsletter.