Toroso Investments LLC boosted its holdings in The Williams Companies, Inc. (NYSE:WMB – Get Rating) by 79.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,069 shares of the pipeline company’s stock after buying an additional 37,767 shares during the quarter. Toroso Investments LLC’s holdings in Williams Companies were worth $2,435,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Financial Advocates Investment Management grew its holdings in shares of Williams Companies by 51.3% during the second quarter. Financial Advocates Investment Management now owns 13,832 shares of the pipeline company’s stock worth $431,000 after purchasing an additional 4,689 shares during the last quarter. Roosevelt Investment Group LLC grew its holdings in shares of Williams Companies by 3.3% during the third quarter. Roosevelt Investment Group LLC now owns 62,490 shares of the pipeline company’s stock worth $1,789,000 after purchasing an additional 2,000 shares during the last quarter. Perennial Advisors LLC purchased a new position in shares of Williams Companies during the second quarter worth about $454,000. Natixis grew its holdings in shares of Williams Companies by 195.0% during the second quarter. Natixis now owns 99,130 shares of the pipeline company’s stock worth $3,094,000 after purchasing an additional 65,526 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in shares of Williams Companies by 7.6% during the second quarter. Cetera Advisor Networks LLC now owns 110,011 shares of the pipeline company’s stock worth $3,434,000 after buying an additional 7,745 shares during the last quarter. Hedge funds and other institutional investors own 85.38% of the company’s stock.
Williams Companies Stock Performance
NYSE:WMB opened at $28.82 on Friday. The Williams Companies, Inc. has a twelve month low of $28.06 and a twelve month high of $37.97. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $35.12 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 4.59 and a beta of 1.17. The firm’s fifty day simple moving average is $31.29 and its 200 day simple moving average is $32.03.
Williams Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 27th. Shareholders of record on Monday, March 13th will be issued a $0.4475 dividend. The ex-dividend date is Friday, March 10th. This represents a $1.79 dividend on an annualized basis and a yield of 6.21%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.43. Williams Companies’s payout ratio is currently 106.55%.
Insiders Place Their Bets
In related news, Director William H. Spence bought 5,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of $29.61 per share, for a total transaction of $148,050.00. Following the purchase, the director now owns 48,521 shares in the company, valued at approximately $1,436,706.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Barclays lowered Williams Companies from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $35.00 to $37.00 in a report on Wednesday, January 18th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of Williams Companies from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, January 9th. Citigroup assumed coverage on shares of Williams Companies in a research report on Thursday, December 8th. They issued a “neutral” rating and a $36.00 price objective for the company. Mizuho reduced their price objective on shares of Williams Companies from $40.00 to $39.00 in a research report on Friday, December 16th. Finally, Argus downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.90.
About Williams Companies
The Williams Cos., Inc operates as an energy infrastructure company, which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco and Northwest Pipelines, as well as natural gas gathering and processing and crude oil production handling and transportation assets in the Gulf Coast region.
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